Our Activities in Germany
CEP is currently exploring the potential of oil deposits in licenced areas along the Baltic Sea in Mecklenburg-Western Pomerania and along the German-Polish border in Brandenburg (Germany).
Since the commencement of operations in Germany in 2008, CEP has been granted eight licences to explore the feasibility of producing oil in areas covering about 1.5 million acres along the Baltic Sea in Mecklenburg-Western Pomerania and on the German-Polish border in Brandenburg. Should these exploratory activities yield positive results, CEP intends to seek permission to start the production of oil and intensify its search for further deposits in the north-east of Germany.
The presence of oil and gas deposits in the areas explored by CEP in Mecklenburg-Western Pomerania and Brandenburg is well documented. They were first explored and developed by the former state-owned production company Erdöl-Erdgas Gommern (EEG) in former East Germany – long before modern technology and innovative techniques were available. However, despite the existing knowledge, the areas currently explored by CEP feature a number of large and small anomalies that require further investigation.
To this end, CEP builds on the know-how of the former EEG and combines it with modern, state-of-the-art techniques to map new structures and to determine the existence of reservoirs and develop new oil fields.
More information on the licence areas of CEP ("Erlaubnisfelder") and the company’s exploration activities ("Bohrung/Seismik") can be found here. (German)