E.On to Explore for More Offshore Egypt Gas

Nile Delta
(Click to Enlarge)

E.ON Ruhrgas has acquired a 29% interest in the NW Demiatta exploration license from Shell Egypt N.V. The license is operated by Shell Egypt N.V. (61%) and the additional partner is GdF Suez (10%). NW Demiatta is located in the Nile Delta, offshore Egypt.

"We believe this license offers significant gas exploration potential," said Dr. Jochen Weise, member of the E.ON Ruhrgas Board of Management.

An exploration well is planned to be drilled later this year. With two LNG plants, Egypt is an important gas supplier to Europe. "Gas upstream is an important growth area for E.ON Ruhrgas, which, along with an increased focus on LNG, contributes to long-term security of supply for our customers throughout Europe. In this respect, Egypt is a strategically important partner," Mr. Weise added.

E.ON Ruhrgas already has its own gas production in Norway and the UK. Expansion to North and West Africa is now taking place in order to secure gas and LNG supplies for European markets. In 2008 E.ON Ruhrgas was awarded an exploration license in Algeria where the company will drill several wells over the next years. The company has also established representative offices in Algeria, Libya and Nigeria to expand long-term gas production.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours