Ashgabat, 14 April 2010, RWE DeaThis pressinformation is more than two years old

RWE Dea opens office in Turkmenistan



RWE Dea has officially opened its new branch in Turkmenistan, trading as RWE Dea AG, Turkmenistan Branch. Last year, the German upstream company was granted the exploration rights for Licence Block 23, located in the Turkmenian part of the Caspian Sea and established a local branch.

“Turkmenistan will play a major role in the energy supply for Europe,” said Ralf to Baben, member of the Board of Management of RWE Dea, during the official inauguration. “We are planning to expand our activities in this country further, and we are looking forward to our continuing close collaboration.” Numerous guests from business and political circles attended the event in Ashgabat, the capital of Turkmenistan.

Last year, RWE Dea was granted the exploration rights for the Licence Block 23 under a “Production Sharing Agreement”. The License Block 23 is located in the southeast of the Caspian Sea and covers about 940 square kilometres.RWE Dea is currently preparing a comprehensive environmental study. The purpose of the study is to provide a record of the natural environment in its current state and describe environmental protection measures that are to be kept in place during all stages of the work programme.The current process of evaluating existing seismic data will be followed by a 3D seismic survey covering an area of about 400 square kilometres, prior to the drilling of an exploration well.

In exploring Block 23, RWE Dea will be able to draw on extensive expertise and experience regarding the requirements for working in the shallow waters of ecologically sensitive areas.In the Wattenmeer tidelands in the German federal state of Schleswig-Holstein, a nature reserve of international significance, the company has been operating the Mittelplate Drilling and Production Island incident-free for more than 22 years now. To foster the exchange of know-how within the scope of the “Production Sharing Agreement”, regular training courses with experts from Turkmenistan's gas and oil industry will be carried out in Germany.These courses will focus on issues such as the general legal environment and the energy industry in Europe, as well as legal and contractual system in the upstream sector. There are also plans for intensive language courses and for providing scholarships.


Contacts:

Uwe-Stephan Lagies, Head of Corporate Communications
T +49(0)40 – 63 75 2484
M +49(0)162 – 273 2484

Carolin Reese, Press Spokeswoman
T +49(0)40 – 63 75 2484
M +49(0)162 – 273 2484


Background information

RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies and puts its many years’ experience acquired to good use in its activities. RWE Dea has set new standards in the fields of safety and environmental protection.
RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark and Egypt and holds exploration concessions in Algeria, Ireland, Libya, Mauretania, Morocco, Poland and Turkmenistan. Moreover, in Germany RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe’s largest energy utilities.



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: This pressinformation is more than two years old