RWE Dea AG, Hamburg, made substantial advances in the implementation of its growth strategy through the successful exploration for gas and oil in 2008: the company has set itself a target to double production by 2013. Efforts are under way to achieve organic growth with new exploration concessions, seismic acquisition and exploration wells all the way through to production.
The starting point en route to this ambitious target is to boost the reserves and resources base: "This year, we have succeeded in developing a substantial volume of proven resources," emphasized Dr. Georg Schöning, CEO of RWE Dea. He indicated that
The starting point en route to this ambitious target is to boost the reserves and resources base: "This year, we have succeeded in developing a substantial volume of proven resources," emphasized Dr. Georg Schöning, CEO of RWE Dea. He indicated that
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