One-Page Deal Sheet
RWE Sells Assets in Egypt
Apache Corp RWE DEA
Announced Date
December 20,2012
Close Date
December 20,2012
Transaction Type
Property
Location
Region
Mediterranean/N. Africa
Country
Egypt
Transaction Details: Subscribe to see
RWE Dea AG reached an agreement with INA-INDUSTRIJA NAFTE d.d. on the sale of its 50% interest of the East Yidma Concession and with Apache Mediterranean Corporation of its 35% interest in the West Mediterranean Area (Block 1) Concession in Egypt. Moreover, RWE Dea has brought in INA as partner in the last exploration campaign on the Disouq concession and was awarded a new offshore exploration concession.
“RWE Dea Egypt has recently finalised a set of portfolio measures aimed at divesting two of its non-operated assets and at sharing the exploration risk of deep targets while, at the same…
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