RWE Dea Norge has been awarded two licences in the recent licensing round by the Norwegian Government. This further strengthens the company’s long-term commitment on the Norwegian Shelf.
RWE Dea was awarded a 30% share in the license PL609 in the Barents Sea and a 15% share in the license PL596 in the Norwegian Sea. “License PL609 is located due East of the Skrugard discovery and enlarges RWE Dea’s portfolio in this very promising area” , explains Hugo Sandal, Managing Director of RWE Dea. “PL596 is a license on the Atlantic Margin and positions RWE Dea for this play.”
These two new licences add up to RWE Dea Norge’s already promising and solid licence portfolio in Norway. In January, RWE Dea Norge has already been awarded three licences on the Norwegian Shelf, of which one is in the North Sea and two are in the Norwegian Sea. Norway plays an important in role in RWE Dea’s strategic target to boost its annual gas and oil production to more than 70 million barrel of oil equivalents by 2016.
RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies and puts its many years’ experience acquired to good use in its activities. RWE Dea has set new standards in the fields of safety and environmental protection.
RWE Dea has stakes in production facilities and concessions in Egypt, Denmark, Germany, the UK and Norway, and holds exploration licenses in Algeria, Ireland, Libya, Mauritania, Morocco, Poland, and Turkmenistan. Moreover, in Germany RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe’s largest energy utilities.
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Source:RWE Dea , April 21,2011;