Rwe Dea Grabs More In The Gulf Of Suez

Egyptian authorities have awarded a 46km² acreage to German independent RWE Dea.  The confirmation is subject to approval from the country’s parliament. The company will operate the East Ras Budran offshore concession with an 80% interest, in partnership with Dove Energy. The tract, offered under the Egyptian General Petroleum Corp’s International Bid Round 2011, is located in the Gulf Of Suez.