Concept

DEA AG

Summary
DEA Deutsche Erdoel AG was an international oil and gas company headquartered in Hamburg, Germany. It was a subsidiary of L1 Energy. In 2018, DEA owned stakes in oil and gas licenses in various countries and operated natural gas underground storage facilities in Germany. DEA is a derivation from Deutsche Erdöl-Aktiengesellschaft, the original name of the company. On 1 May 2019, DEA merged with Wintershall to form Wintershall Dea. History The early years Deutsche Tiefbohr-Actiengesellschaft was founded in Berlin on 10 January 1899. In 1900 the headquarter was relocated to Nordhausen. The new company specialised in all types of mineral oil product and, among other things, raw lignite, briquettes for domestic heating and industry, lignite tar and paraffin. Its managing director was the Krefeld businessman Rudolf Nöllenburg. It first struck oil with a well of its own in 1901, in 1906 crude oil is officially declared the new main business. Since
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