HAMBURG, Germany -- RWE Dea has achieved 30 years of oil production in the Gulf of Suez. The company has been producing oil from the Ras Fanar field, just a few miles off the west coast of the Gulf, since 1984. Oil production at RWE Dea’s other two concessions in the Gulf of Suez -- Zeit Bay and Ras Budran -- has also been ongoing for around 30 years. From these three oil fields, RWE Dea has produced a total of 640 MMbbl of oil. RWE Dea operates and owns 100% of the three concessions.
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