DEA AG
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| Industry | Oil and gas |
|---|---|
| Predecessor | Deutsche Erdöl-Aktiengesellschaft (DEA) |
| Headquarters | Hamburg, Germany |
|
Number of locations
|
12 |
| Revenue | €1.9 billion |
| €558 million | |
| €197 million | |
|
Number of employees
|
1,362 |
| Parent | L1 Energy |
DEA AG is an international oil and gas company headquartered in Hamburg, Germany. It is a subsidiary of L1 Energy. As of 2014, DEA owns stakes in about 190 oil and gas licenses in 14 countries.[1] The company also operates natural gas underground storage facilities in Germany.[2]
DEA is a derivation from Deutsche Erdöl-Aktiengesellschaft, the original name of the company.
DEA was formerly a subsidiary of RWE, which put DEA for sale in 2013. Wintershall, a consortium of KKR & Co. and Kufpec, and an investment company L1 Energy of Mikhail Fridman made their bids.[1] In March 2014 it was announced that DEA would be bought by L1 Energy for €5.1 billion.[3] On August 22, 2014 Germany's economy ministry approved the sales to Russian tycoon Mikhail Fridman and his co-investors.[4]
Canary Islands
Following years of opposition from environmentalist groups, Spain finally gave permission in August 2014 for a consortium including DEA AG to explore prospects off the Canary Islands. The exploration program involving an investment of €7.5 billion over four years was expected to commence at the end of 2016.[5]
References
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External links
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