RWE Dea is a Big Fish in the Nile Delta
RWE Dea AG said that it has signed the North El Amriya Concession Agreement with EGAS and the Egyptian Government, making RWE Dea one of the largest acreage holders in the Nile Delta. RWE Dea holds operatorship and 100% participating interest following the bid submitted in 2005 for the EGAS 2004 Bid Round.
The North El Amriya Concession, which is mainly in shallow water in the West Nile Delta, has an onshore area containing a previously undeveloped gas discovery. The concession covers an area of 2,066 square kilometers and lies between the onshore Disouq Concession (RWE Dea 100%), where exploration efforts are ongoing, and the offshore concession North Idku (RWE Dea 70%), both operated by RWE Dea and North Alexandria (RWE Dea 40%) and West Mediterranean Offshore Block 1 (RWE Dea 35%).
The newly signed North El Amriya concession further increases RWE Dea's strong acreage position in the offshore part of the West Nile Delta, where several discoveries have already been made. Onshore in Disouq Concession, although activities are still at an early stage, the first exploration well has flowed light oil from Quantara formation, giving reason for optimism. The onshore and shallow-water parts of North El Amriya both show operational synergies with the neighboring RWE Dea concessions. This will help the company to monetize discovered gas more swiftly.
Seismic acquisition and drilling will commence shortly in North El Amriya and is ongoing in the Disouq concession. The West Nile Delta is the main focus of RWE Dea’s activities in Egypt.
RWE Dea has been active in Egypt for 32 years and has been producing oil in the country for more than 20 years. The German upstream company has interests in 14 concessions and is operator of six of them.