Dea | Egypt Oil & Gas - Part 2
DEA Appoints New Head for Egypt
The Egyptian subsidiary of DEA Deutsche Erdoel AG, the German upstream company, has appointed Dr Thomas Radwitz as its new General Manager, as of 1st February.
BP Increases Stake in Nile Delta Gas Project
BP has increased its stake in Egypt’s West Nile Delta gas project to 82.75 %, gaining equity in the North Alexandria and West Mediterranean Deep Water Concessions. DEA Completes Equity Reduction Deal in West Delta Project
DEA has completed its equity restructuring deal in the West Nile Delta.
EGPC Secures Revolving Letter of Credit to BP
Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months.
Subsea 7 Awarded $500m Contract in Egypt
The work scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75 km of umbilicals and 100 km ...
Contractor Awarded $500m by BP and DEA for North Alexandria
Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.
DEA to Pump $274m Investment into its Concessions
German company DEA plans to invest about $274m during the coming fiscal year to increase oil and gas production rates from its concessions in the Gulf of Suez and Kafr el-Sheikh.
DEA Reduces Stake in Egypt’s West Nile Delta Concession; Sells to BP
DEA Deutsche Erdoel has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its joint venture partner and operator BP in order to better balance its portfolio. 
