The consortium of offshore Block 7 has successfully carried out a further appraisal well, including production testing. Hydrocarbon flow of well Zama-2 ST1 achieved a rate of 7,900 barrels of oil equivalent per day (boe/d). […]
Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year. “In 2018 we set a production record with daily production of up to […]
The acquisition of 100% of the shares of Sierra Oil & Gas by DEA Deutsche Erdoel AG was completed 19 March. With the deal, DEA enhances its presence in Mexico and its long-term commitment to […]
The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019. The merger […]
Wintershall was founded exactly 125 years ago, on 13 February 1894. “A proud birthday only few companies get to experience,” says Mario Mehren, Wintershall’s CEO. Wintershall is now Germany’s largest internationally operating crude oil and […]
The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) covers 1,418 square kilometres and is […]
DEA and operator BP commenced production from additional two West Nile Delta (WND) gas fields, Giza and Fayoum. Gas is flowing ashore from the recently completed eight wells through new subsea infrastructure and pipelines. The […]
DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, an independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, […]
BASF and LetterOne signed a definitive transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading […]
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