RWE Dea AG - Oil & Gas - Deals and Alliances Profile
Reference Code: GDGE3587D Publication Date: SEP 2012
Company Overview Key Facts
RWE Dea AG (RWE Dea) is a German-based international oil and gas company.
RWE Dea AG, Oil & Gas, Key Facts, 2011
The company carries out exploration and production of natural gas and crude oil.
The company is part of the RWE Group. RWE Dea operates production facilities in Web Address www.rwe.com
Germany, the UK, Norway, Denmark and Egypt, and also holds exploration licenses
Revenue (US$ million) 2,698.61
in Algeria, Libya, Ireland, Mauritania, Trinidad and Tobago, Turkmenistan and
Poland. In Germany, the company's operations are concentrated on natural gas Number of Employees 1,362
exploration and production in the Lower Saxony region between the rivers Elbe and GlobalData
Weser. RWE Dea is headquartered in Hamburg, Germany.
Financial Deals Landscape
RWE Dea AG, Oil & Gas, Deals by Type, 2006 to YTD 2012 RWE Dea AG, Oil & Gas, Deals By Year, 2006 to YTD 2012
5
4
4
No. of Deals
3
3
2
2
1 1 1 1
1
0
2006 2007 2008 2009 2010 2011 YTD
2012
Note: Deals include all announced oil & gas deals from 2006 onwards,
Note: Deals include all announced oil & gas deals from 2006 onwards, GlobalData
GlobalData
RWE Dea AG, Oil & Gas, Deals By Region, 2006 to YTD 2012 RWE Dea AG, Oil & Gas, Deals By Sector, 2006 to YTD 2012
8 7 14 13
No. of Deals
12
6
No. of Deals
4 10
4
2 8
2 6
0 0
0 4
Europe Middle Asia- North South 2
East Pacific Americ and
and a Central 0
Africa Americ Exploration & Product …
a Sectors
Note: Deals include all announced oil & gas deals from 2006 onwards, Note: Deals include all announced oil & gas deals from 2006 onwards,
GlobalData GlobalData
RWE Dea AG, Oil & Gas, Deals Summary, 2006 to YTD 2012
Year No. of Deals Deal Value (US$ million)
2006 2 1,000.00
2007 1 NA
2008 3 NA
2009 4 350.00
2010 1 NA
2011 1 NA
YTD 2012 1 NA
Note: Deals include all announced oil & gas deals from 2006 onwards, deal values included wherever disclosed, GlobalData
RWE Dea AG - Oil & Gas - Deals and Alliances Profile Reference Code: GDGE3587D
Source : www.globalcompanyintelligence.com Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 4
List of Figures ................................................................................................................................................................................. 4
RWE Dea AG, Oil & Gas, Deals By Year, 2006 to YTD 2012 ............................................................................................................ 5
RWE Dea AG, Oil & Gas Deals By Type, 2006 to YTD 2012 ............................................................................................................. 6
RWE Dea AG, Oil & Gas, Deals By Region, 2006 to YTD 2012 ........................................................................................................ 7
RWE Dea AG, Oil & Gas, Deals By Sector, 2006 to YTD 2012 ......................................................................................................... 8
RWE Dea AG, Oil & Gas, Deals Summary, 2006 to YTD 2012.......................................................................................................... 9
RWE Dea AG, Oil & Gas, Deal Details ............................................................................................................................................. 10
Asset Purchase............................................................................................................................................................................. 10
RWE Acquires 70% Stake In Breagh Gas Field ........................................................................................................................ 10
RWE Dea Enters Into Farm-In Agreement With Fairfield Energy .............................................................................................. 12
RWE Dea Acquires 40% Equity Interest In South Mariut Block From El Paso .......................................................................... 13
RWE Dea Acquires 50% Interest In PEL 01/06 From Serica Energy In Ireland ........................................................................ 14
RWE Dea Acquires 30% Interest In Onshore Blocks From Repsol........................................................................................... 15
Perenco Sells 30% Stake In North Idku Gas Concession To RWE Dea ................................................................................... 16
RWE Dea Acquires UKCS Block 211/18b Leopard Prospect From Elixir Petroleum ................................................................ 17
Partnerships.................................................................................................................................................................................. 18
RWE Dea Awarded Seven Production Licenses In Norway ...................................................................................................... 18
RWE Dea To Form Joint Venture With NOC............................................................................................................................. 19
Asset Transactions ....................................................................................................................................................................... 20
Lundin Petroleum And Marathon Petroleum Acquires 30% Interest Each In PL330 In Norwegian Sea From RWE Dea ......... 20
El Paso Acquires 40% Interest In Tanta Block From RWE Dea ................................................................................................ 21
Acquisition .................................................................................................................................................................................... 22
RWE Dea Sells 25% Stake In Kazgermunai Joint Venture To Kazmunaigas ........................................................................... 22
Gaz de, RWE And IFC Sold 50% Stake In KazGerMunai To JSC KazMunaiGas ..................................................................... 23
RWE Dea AG - Key Competitors ...................................................................................................................................................... 24
Key Employees ................................................................................................................................................................................ 25
Locations And Subsidiaries .............................................................................................................................................................. 26
Head Office ................................................................................................................................................................................... 26
Other Locations & Subsidiaries ..................................................................................................................................................... 26
Recent Developments ...................................................................................................................................................................... 28
License Awards ............................................................................................................................................................................ 28
Apr 26, 2011: RWE Dea Wins Exploration And Production Block In Trinidad And Tobago....................................................... 28
Apr 20, 2011: RWE Dea Wins Two New Licenses On Norwegian Shelf ................................................................................... 28
Apr 19, 2011: Niko Resources Signs Three New PSCs In Trinidad .......................................................................................... 28
Apr 15, 2011: Lundin Petroleum Wins Barents Sea Acreage In Norwegian Licensing Round .................................................. 29
Feb 01, 2011: RWE Dea Norge Secures Three New Licenses In Norway ................................................................................ 29
Jan 18, 2011: Norway Awards Production Licenses To 39 Companies .................................................................................... 29
Recent Discoveries ....................................................................................................................................................................... 30
Dec 23, 2011: BG Norge Announces Oil Discovery Near Knarr Field In North Sea .................................................................. 30
May 19, 2011: Lundin Norway Announces Oil Discovery On 16/1-15A Well In PL338, Norway ............................................... 30
May 04, 2011: RWE Dea Egypt Announces New Gas Find In North El Amriya Concession .................................................... 31
Apr 06, 2011: Lundin Norway Finds Oil At 16/1-15 Well In PL338, Norway .............................................................................. 31
Mar 04, 2011: Sterling Resources Finds Gas Bearing Sands At 42/13a-6 Well At Breagh Field In UK .................................... 31
Jan 26, 2011: RWE Dea Announces Gas Discovery In North El Amriya Concession, Egypt .................................................... 32
RWE Dea AG - Oil & Gas - Deals and Alliances Profile Reference Code: GDGE3587D
Source : www.globalcompanyintelligence.com Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Drilling and Production Updates ................................................................................................................................................... 32
Oct 21, 2011: RWE Dea Wins Drilling Permit For 6507/7-15 S Well In PL 435, Norway .......................................................... 32
Oct 07, 2011: Lundin Petroleum Provides Update On Luno Development In Norway .............................................................. 32
Sep 26, 2011: RWE-DEA Wins Consent To Carry Out Exploration Drilling With West Alpha In Block 6507/7, Norway ........... 33
Sep 02, 2011: Fairfield Energy Announces Installation Of Jacket And Topsides For Clipper South Gas Field ......................... 33
Jul 25, 2011: RWE Dea UK Announces Breagh Field Development Plan Approval ................................................................. 33
Jun 16, 2011: BG Norge Wins Consent To Carry Out Exploration Drilling With West Alpha In Block 34/3, Norway ................. 34
May 18, 2011: Lundin Norway Wins Drilling Permit For 7120/2-3 S Well In Producti