GDF SUEZ E&P
GDF SUEZ E&P is responsible for all the Group’s exploration and production activities around the world.
Its ambition is:
• To grow to the size of a large independent E&P company through a medium-term value-oriented growth.
• To develop profitable integration with the rest of the Group.
• To build and run its business in a sustainable way in the long run.
In 2011, China Investment Corporation became a partner of GDF SUEZ by acquiring a minority stake of 30% in GDF SUEZ E&P International SA. This strategic partnership will reinforce our financial stability and offer new prospects for business development across the globe.
Currently, most of the production of GDF SUEZ E&P comes from its historical European affiliates: Germany, Norway, the Netherlands and the United Kingdom. This production is constantly increasing; for the last ten years, it has increased by an average of 11.3%.
At the same time, GDF SUEZ E&P develops itself in high potential areas such as North Africa, the Middle East, the Caspian Sea, the Asia-Pacific region and the Arctic. GDF SUEZ E&P is carrying out ambitious exploration operations in these areas, using its technical skills to overcome numerous technological challenges. GDF SUEZ E&P is involved in numerous large-scale projects in partnership with international companies and in collaboration with the Group’s other Business Units.
