Gulf Oil and Gas accountACCOUNT

DEA Boosts Oil and Gas Production in Egypt

Source: www.gulfoilandgas.com 2/12/2018, Location: Africa

DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company's target. DEA plans to invest about 500 million US-Dollars in Egypt during the coming three years.

“Egypt continues to be an important factor in DEA’s global E&P portfolio. With targeted investment in our key assets, we plan to double our production in the country within the next two years,” said Maria Moraeus Hanssen, CEO of DEA Deutsche Erdoel AG. “We see an upside potential in the mature oil fields in the Gulf of Suez that we aim to lift. Our Disouq gas development project will be re-developed. The development of the next three fields at West Nile Delta is making good progress too. In total, DEA plans to invest another half billion US-Dollars in the coming three years into these key assets,” underlines Maria Moraeus Hanssen.

DEA is active in Egypt since 1974 and has produced more than 650 million barrels of crude oil in the Gulf of Suez during the last three decades. The production is operated by the Suez Oil Company (SUCO), DEA's joint venture with the Egyptian General Petroleum Corporation (EGPC). DEA and EGPC recently agreed on the concession extension of the the fields Ras Budran and Zeit Bay. The onshore gas development project Disouq comprises seven gas fields and is in production since 2013.

Production from the offshore WND gas fields commenced in March 2017 from the first two fields, Taurus and Libra. The three fields Giza, Fayoum and Raven are currently under construction. DEA has a 17.25% working interest in West Nile Delta (North Alexandria and West Mediterranean Deep Water concessions), with BP being the operator and owner of the remaining share.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Production News in Egypt >>

Australia >>  1/22/2019 - Santos has announced first oil from the Van Gogh infill project, marking the successful completion of the two-well program that will increase producti...
Norway >>  1/22/2019 - Preliminary production figures for December 2018 show an average daily production of 1,849,000 barrels of oil, NGL and condensate, which is a decrease...

Australia >>  1/21/2019 - Cooper Basin focused oil & gas company, Real Energy, has provided an update on the Tamarama-2 well which is located on the Company’s ATP927 permit in ...
Australia >>  1/21/2019 - Whitebark Energy (WBE) stands to increase its oil production by more than 200%, after flow testing of the Wizard Lake Rex horizontal oil well recorde...

Cameroon >>  1/21/2019 - Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, is pleased to provide an update on the increasing production l...
Russia >>  1/21/2019 - The actual oil production in Imperial Energy Group in Y2018 was 216.4 thousand tons. With a business plan of 236 thousand tons, its fulfillment made 9...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Egypt >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.