Wintershall Dea Intensifies E&P Activities in Egypt
The Minister of Petroleum, Tarek El Molla, discussed future cooperation with Wintershall Dea to intensify the exploration and production (E&P) activities in the Egyptian sedimentary basins.
The Minister of Petroleum, Tarek El Molla, discussed future cooperation with Wintershall Dea to intensify the exploration and production (E&P) activities in the Egyptian sedimentary basins.
Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG (DEA) have completed their merger. Wintershall DEA is now the leading independent gas and oil company in Europe.
The Abu Dhabi National Oil Company (ADNOC) has awarded Wintershall a 10% stake in the offshore ultra-sour gas Ghasha concession.
Libya’s oil production has increased after the Amal and As-Sarah oilfields in the east of the country resumed operations.
German company Wintershall is currently producing less than 10,000 barrels per day (b/d) of crude from its Libyan operations, compared with 60,000 b/d earlier this year.
Production from the Libyan oilfield, Sara, has fallen by 50,000 barrels per day (b/d).
Protests have cut production by 40,000 barrels per day (b/d) from oilfields operated by Wintershall in Libya.
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