DEA more than doubles production in Norway with acquisition

Offshore staff

HAMBURG, Germany DEA Norge AS has completed the acquisition of E.ON E&P Norge AS.

With the deal, DEA Deutsche Erdoel AG says it has enhanced its presence in Norway and its long-term commitment to the country’s oil and gas industry. The Norwegian Ministry of Petroleum and Energy and the Ministry of Finance, as well as the EU competition authority, have approved the transaction.

E.ON E&P Norge has become a subsidiary of DEA Norge and renamed DEA E&P Norge. In line with the requirements of Norwegian authorities the companies are to be consolidated by the end of 2016, and DEA will now start the process of integrating the two companies.

The acquisition will increase DEA’s total production in Norway to 75,000 boe/d. The deal includes 43 licenses in the North Sea, the Norwegian Sea, and the Barents Sea.

Thomas Rappuhn, CEO of DEA Deutsche Erdoel AG said: “DEA’s growth strategy has gained momentum with this acquisition. We are now looking for further growth by pursuing M&A opportunities, exploration, and the continuation of field development projects.”

DEA Norge now holds 72 licenses, including its existing working interests in producing fields such as Snorre, Gjøa, Knarr, and Snøhvit. The deal adds equity interests in producing oil and gas fields, namely Skarv (28.1%), Njord (30%), and Hyme (17.5%) as well as additional developments and discoveries, including Snilehorn, Snadd, and Fogelberg.

Share your news with Offshore at


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...