Wintershall Dea Signs Concession Agreement for East Damanhour Exploration at EGYPS 2020
Monday, 10th February 2020
the eve of the Egypt Petroleum Show 2020 (EGYPS 2020), Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is located to the west of Wintershall Dea’s Disouq development in the onshore Nile Delta. During a first exploration phase of three years, starting in 2020, Wintershall Dea is planning to drill several exploration wells.
“We are excited to get back into exploration in Egypt,” said Wintershall Dea CEO Mario Mehren. “Wintershall Dea has 45-year history in Egypt. Alongside recent investments in our operated projects at Disouq and in the Gulf of Suez, our exploration plans are a further sign of our commitment to the country.”
Wintershall Dea, through its predecessor Dea, started operations in Egypt in 1974. The country is now a core area for the company. It produces gas at Disouq in the onshore Nile Delta, gas and oil in the Gulf of Suez, and gas and condensate from the offshore West Nile Delta project, operated by BP. In recent years Wintershall Dea has invested significantly in its operated projects in Egypt. Comprehensive work programmes at Disouq and in the Gulf of Suez have led to a significant improvement of production, as well as maintaining asset integrity in the mature Gulf of Suez sites.
Wintershall Dea will now begin a three-year exploration phase in the East Damanhour block. Sameh Sabry, Wintershall Dea’s Managing Director for Egypt, said: “Over the years we have developed extensive knowledge and experience in this area. This, and the block’s proximity to our existing Disouq infrastructure, means that we are well placed for a quick development of any discovered volumes.”