RWE Dea to Expand in Egypt
RWE Dea doubled its oil and gas production in Egypt and drawn up expansion plans. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the country for 30 years by now. RWE Dea is presenting applied technology highlights and recent projects at the MOC 2014 in Alexandria.
At the company’s own booth (Central Hall, Stand A2) and the technical program, Dea will present technology highlights and case studies of its exploration and field development work in the onshore Nile Delta and the Gulf of Suez. The MOC, taking place from 9th to 11th December in Alexandria, is Egypt’s most important international oil and gas meeting of the year.
“North Africa is one of our strategic core regions,” explained 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. With ongoing investments in modern technology and infrastructure Dea maintained high production levels from the three oil fields over the years.
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 (the award is subject to approval by the Egyptian authorities) will include seismic reprocessing and two exploration wells at the East Ras Fanar Offshore and one well at the Northwest El Amal concessions.
An important growth project for RWE Dea in Egypt is the Disouq onshore gas development in the Nile Delta. 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.