Wintershall Dea plans to withdraw from oil production in the Gulf of Suez offshore Egypt. Wintershall Dea plans to withdraw from oil production in the Gulf of Suez offshore Egypt.

The company has been a partner in the Ras Budran and Zeit Bay fields, which have been producing since the early 1980s. In 2019 the surrounding concession was extended until mid-2022.

Both fields are operated by the Suez Oil Co., a joint venture between Wintershall Dea and the Egyptian General Petroleum Corp.

The latter will assume Wintershall Dea’s interest.

The company will remain active in the Egyptian sector of the Mediterranean Sea, where it has a 17.25% share of the offshore West Nile Delta concession, operated by bp, and other E&P interests onshore Egypt

LEAVE A REPLY

Please enter your comment!
Please enter your name here