Project Profile
Value: Undisclosed
Location: Gulf of Suez near the shore of the eastern Gulf of Suez coast
Area: 46 square kilometres
Start-up Year: -
The concession East Ras Budran Offshore was awarded to RWE Dea. It is situated adjacent to the company’s operated production license Ras Budran in the Gulf of Suez near the shore of the eastern Gulf of Suez coast. The new concession increases the company’s number of operated licenses in Egypt from 5 to 6. The block covers an area of approximately 46 square kilometres. RWE Dea will operate the block with 80% working interest share, with Dove Energy holding the remaining 20%. The license award is subject to approval from the Egyptian Parliament.
Operators:
RWE Dea: Operator with 80% interest
Dove Energy: 20% interest