RWE Plans Gas Output in Egypt, Algeria By 2013

RWE Dea, a subsidiary of German utility RWE, said on Thursday it planned to begin gas production in Egypt and Algeria within five years and would double its overall oil and gas output during the period.

"We hope to have gas (production) in Egypt and Algeria in 2012 and 2013," Juergen Schober, who heads new projects in North Africa and the Middle East for RWE Dea, said at the Africa Upstream 2008 oil conference in Cape Town.

Schober added that the company wanted to double production to 200,000 barrels of oil equivalent per day by 2013.

(AFX & Rigzone)


Welcome! Login in to your account

Remember me Lost your password?

Lost Password