RWE Dea Sets Up Branch Office in Turkmenistan

RWE Dea AG's Turkmenistan Branch was established in October 2009 and will be headquartered in the national capital, Ashgabat.

Heiko Oppermann will be responsible for the new branch office as General Manager. "Turkmenistan plays a vital role in securing Europe's energy reserves," said Oppermann. "The first order of business will be to kick off the exploration phase for Block 23."

License Block 23 is located in the Turkmen section of the Caspian Sea and was awarded to RWE Dea as part of a Production Sharing Contracts (PSC) in August.

Heiko Oppermann began his career in 1980 with the former Deutsche Texaco AG, Hamburg, as a reservoir engineer based in Germany and in Texas in the U.S. After reaching a number of professional milestones, the 55-year-old engineering graduate rejoined RWE Dea, the successor company of Deutsche Texaco AG. Among other duties, he managed projects associated with the oil production from Germany's biggest oil field Mittelplate. RWE Dea has been operating the Mittelplate Drilling and Production Island, located in Schleswig-Holstein's Wattenmeer tidelands -- a nature reserve and national park -- without incident for almost 22 years now. "In particular, the experience gained in the field of shallow-water development of resources in an ecologically sensitive environment will also stand us in good stead in Turkmenistan," explained Oppermann.

License Block 23 is located in the south-eastern region of the Caspian Sea, immediately off the coast of Turkmenistan. The license area covers an area of about 940 square kilometers. Current planning provides for an environmental impact study to be carried out initially. Based on existing 2D data, a 3D seismic survey will then be carried out across an area of about 400 square kilometers in size, followed by en exploration well.