DEA Opens Brazilian Office and Will Look for Upstream Opportunities

Source Press Release
Company DEA Deutsche Erdoel AGLetterOne Group 
Tags Licensing Rounds, Deal Rumours, Production/Development, Exploration, Strategy - Upstream, Strategy - Corporate, Upstream Activities
Date June 19, 2017

DEA Deutsche Erdoel AG is stepping up its presence in South America. The German E&P Company opened an office in Rio de Janeiro and appointed a new General Manager for Brazil. Christoph Schlichter is responsible for evaluating market opportunities in the Brazilian upstream industry.

DEA had already founded the subsidiary DEA Petróleo e Gás do Brasil Ltda. in 2013. An office has been opened in Rio de Janeiro in June. DEA plans to take part in future bidding rounds in order to acquire licenses. In addition, DEA will conduct intensive studies to analyse farm-in opportunities within existing licenses in Brazil. “We’re interested in a long-term commitment in the region and are prepared to make relevant investments,” says Thomas Rappuhn, Chief Executive Officer DEA Deutsche Erdoel AG.

In its core regions worldwide, DEA operates as a reliable and responsible European upstream enterprise based on very high environmental and safety standards.

“DEA’s aim is to establish itself as an operator in Brazil. Our extensive experience and our technical expertise both in offshore and onshore projects enables us also to successfully tackle large-scale projects,” says Christoph Schlichter, General Manager DEA Brazil.

Schlichter joined DEA in 2001 as Vice President Domestic Oil Production. From 2002 to 2008, the engineering graduate specialised in mining as well as natural gas and crude oil technology was engaged as Managing Director of DEA’s subsidiary in the United Kingdom. As Senior Vice President Production North Africa Schlichter was in charge of DEA’s operations in Libya, Egypt and Algeria. In February 2016, he was appointed General Manager for DEA’s business in Libya and Algeria.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd