RDG Takes Over Parts of Wintershall Dea's Oil Production

Source Press Release
Company RDG GmbH & Co. KGWintershall Dea GmbH 
Tags Asset Deals, Deals, Upstream Activities
Date January 09, 2020

At the turn of the year, the energy company RDG GmbH & Co. KG concluded a purchase agreement to acquire concessions to extract oil from Wintershall Dea in Baden-Württemberg, Bavaria, Lower Saxony and Rhineland-Palatinate.

The existing locations in Lauben, Bedernau, Tannheim, Aitingen, Schwabmünchen, Hebertshausen, Suderbruch and Landau in the Palatinate will become part of the RDG with around 30 employees.

Felix Lerch, Managing Director of RDG:

RDG represents the next generation of energy companies. As a young, growing high-tech company, we are pursuing a new approach to domestic raw material extraction. We specialize in optimizing the promotion of existing fields and aligning them to sustainable and environmentally friendly use. "

RDG combines the long-standing expertise of its Austrian founding company RAG Austria AG with the latest technological know-how in the field of E&P and the claim of sustainable and environmentally friendly raw material extraction. By using the latest technologies, the RDG reduces interventions in the environment and landscape to a minimum. Fracking is consistently excluded as a funding method. For RDG, open communication and dialogue with citizens, NGOs and local politics are part of the basic understanding of socially responsible raw material extraction.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd