Germany’s Wintershall Dea says in its Q3 results on 23 November that it has written off €405mn ($483mn) on its Egypt assets.

Key among these is a 17.25% stake in the BP-operated (82.75%) West Nile Delta development where production has massively underperformed (MEES, 13 November) with the ‘Phase-3’ tie-in of the Raven field delayed by a year (MEES, 7 February). (CONTINUED - 84 WORDS)