Merger within the making Hamburg, January 10th, 2019 – The oil and fuel manufacturing firm DEA Deutsche Erdoel AG turned 120 years in the present day. DEA is among the most long-standing E&P firms on the earth and was one of many first gamers on the daybreak of the industrial oil manufacturing period. In Germany, DEA has offered vital financial stimulus and made a big contribution to the home vitality provide. DEA derrickThe Deutsche Tiefbohr-Actiengesellschaft was first registered in Berlin on 10 January 1899. This began a exceptional firm historical past. Since its inception, DEA had been energetic in additional than 30 international locations across the globe. Over the previous twelve a long time, a small nationwide drilling firm advanced into a world mineral oil and chemical firm. After divestments in 2001 and 2002, DEA focussed solely on exploration and manufacturing of hydrocarbons. The sale of RWE Dea to LetterOne came about in 2015. At this level, the prevailing portfolio began to considerably increase, with takeovers and licence acquisitions in Norway and Mexico. Now in 2019, throughout the yr of our 120th Anniversary, DEA is within the technique of merging with its competitor Wintershall, additionally a profitable German oil and fuel firm.CEO Maria Moraeus Hanssen who joined DEA in January 2018, identified that she is the 13th CEO of the corporate: “I’m proud to open a brand new chapter within the historical past of this German upstream firm. DEA has come a good distance in addressing the challenges of a contemporary oil and fuel firm, utilizing our competence and assets to assist safe a dependable vitality provide, whereas constantly work on minimizing the carbon footprint from upstream exploration and manufacturing. DEA’s workforce may be proud to be a part of the exceptional story of the oil and fuel business.”The Chairman of the Supervisory Board, Lord (John) Browne of Madingley, commented the anniversary with the next phrases: “DEA is one in all a small variety of firms around the globe that may hint its routes again greater than a century. Right now, DEA is a really completely different firm. It has a top quality and targeted portfolio, with world-class positions in numerous vital hydrocarbon-producing international locations akin to Mexico and Norway. This gives a powerful basis for a brand new chapter of progress and growth. As we put together to return along with Wintershall to type Europe’s largest unbiased E&P firm, I thank everyone at DEA for his or her continued dedication and onerous work.”Background info on the corporate historical past and hyperlink to the birthday film: http://ots.de/c2zV9m Extra InformationDerek MöschePressesprecherT +49 40 – 63752670M +49 162 – 2732670