{"id":596886,"date":"2019-07-10T04:18:29","date_gmt":"2019-07-10T04:18:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/"},"modified":"2019-07-10T04:18:29","modified_gmt":"2019-07-10T04:18:29","slug":"egypt-talks-investment-options-with-germanys-wintershall-dea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/","title":{"rendered":"Egypt talks investment options with Germany\u2019s Wintershall DEA"},"content":{"rendered":"

The Oil Ministry met with a delegation from Germany\u2019s Wintershall DEA yesterday to explore investment options, according to a ministry statement<\/a>. The two sides also discussed an agreement they signed in March<\/a> for DEA to extend its ownership of the Ras Budran and Zeit Bay oil fields in the Gulf of Suez for a further five years. Wintershall DEA, which announced a merger in May<\/a>, has consolidated its Egyptian assets, giving it six onshore and offshore concessions throughout the country, with the most significant being its 17.5% stake in the West Nile Delta concession. The merged plans to invest USD 500 mn through 2020 to develop the asset as well as its Desouk and Gulf of Suez fields.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Oil Ministry met with a delegation from Germany\u2019s Wintershall DEA yesterday to explore investment options, according to a ministry statement. The two sides also discussed an agreement they signed in March for DEA to extend its ownership of the Ras Budran and Zeit Bay oil fields in the Gulf of Suez for a further […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,125,821],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596886","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-investment-watch","tag-wintershall-dea","wpautop","entry"],"acf":{"mongo_id":"5fce0ea8-93b4-4762-9698-565f9b6108d3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596859],"teaser":"","voice_url":""},"yoast_head":"\nEgypt talks investment options with Germany\u2019s Wintershall DEA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt talks investment options with Germany\u2019s Wintershall DEA\" \/>\n<meta property=\"og:description\" content=\"The Oil Ministry met with a delegation from Germany\u2019s Wintershall DEA yesterday to explore investment options, according to a ministry statement. The two sides also discussed an agreement they signed in March for DEA to extend its ownership of the Ras Budran and Zeit Bay oil fields in the Gulf of Suez for a further […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-10T04:18:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt talks investment options with Germany\u2019s Wintershall DEA\",\"datePublished\":\"2019-07-10T04:18:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"investment watch\",\"Wintershall Dea\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypt-talks-investment-options-with-germanys-wintershall-dea\/\",\"name\":\"Egypt talks investment options with Germany\u2019s Wintershall DEA - 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Newly merged Wintershall DEA plans to increase production from its Desouk field to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2075.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543528,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/06\/wintershall-dea-exits-gulf-of-suez-oil-concession\/","url_meta":{"origin":596886,"position":2},"title":"Wintershall Dea exits Gulf of Suez oil concession","author":"enterpriseam admin","date":"6 February 2022","format":false,"excerpt":"Wintershall Dea is now an ex-oil producer in Egypt: Wintershall Dea divested its stake in its Gulf of Suez oil concession to the Egyptian General Petroleum Corporation (EGPC) on 1 January, it said in a statement Thursday. The German oil and gas company operated the concession as part of a\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569024,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/egypt-signs-usd-43-mn-gas-exploration-agreement-with-wintershall-dea\/","url_meta":{"origin":596886,"position":3},"title":"Egypt signs USD 43 mn gas exploration agreement with Wintershall Dea","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"Egypt signs USD 43 mn gas exploration agreement with Wintershall Dea: Oil Minister Tarek El Molla signed a USD 43 mn gas exploration and production agreement with Wintershall Dea to drill eight wells in East Damanhour concession area with a minimum investment of USD 43 mn and signing grants of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/147.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596228,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/wintershall-dea-to-begin-natgas-production-at-raven-field-next-month\/","url_meta":{"origin":596886,"position":4},"title":"Wintershall DEA to begin natgas production at Raven field next month","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"Wintershall DEA will begin natural gas production from its Raven field in September, unnamed sources told Amwal Al Ghad. 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