Germany’s oil and gas exploration and production company RWE Dea has said it will increase exploration efforts in the Gulf of Suez, offshore Egypt. The company has been producing oil and gas in Egypt for three decades.
“North Africa is one of our strategic core regions,” said Maximilian Fellner, General Manager of RWE Dea Egypt.
“In Egypt, Dea can look back upon three decades of oil production and we recently doubled our overall production in the country through getting our onshore gas project Disouq on stream. We are delighted about these success stories and will continue on this track, as we see further potential in the region,” Fellner added.
Since 1984, Dea has produced over 640 million barrels of crude as operator in the Gulf of Suez.
According to a statement on the company’s website RWE Dea has plans for additional exploration in the Gulf of Suez. At the East Ras Budran Offshore concession, the company plans to acquire seismic and drill an exploration well. The work program for the recently awarded two offshore concessions will include seismic reprocessing and two exploration wells at the East Ras Fanar Offshore and one well at the Northwest El Amal concessions.
The company has also highlighted importance of the Disouq onshore gas development in the Nile Delta. RWE Dea achieved first gas last year and added the own built Central Treatment Plant to production this summer. For 2015, the company expects further production increases from Disouq up to the capacity of approximately 200 million standard cubic feet gas per day.