Oil and gas investments

In December 2018 ONE and Dyas announced that agreement has been reached on the merger of their upstream energy businesses, in a combined entity called ONE-Dyas. This merger was completed in April 2019.

ONE-Dyas is an active, non-operating minority partner and investor in projects involved in the exploration, development and production of oil & gas. With strong technical and financial capabilities, ONE-Dyas aims to grow its reserves base within a solid portfolio of oil & gas assets. To achieve this, the company prefers to pursue investments in material exploration and development. Its involvement in projects often spans a large part of the asset life cycle, and many of ONE-Dyas’ investments have remained in its portfolio for up to 20 years. ONE-Dyas has a compact organisation with the flexibility to respond quickly to opportunities and challenges. 

ONE-Dyas has extensive experience managing a successful and balanced upstream portfolio of operated and non-operated exploration and production assets in the North Sea, Gabon and Malaysia. Our approach is that of carefully-planned strategy underpinned by technical expertise, geographical diversification, and cost effective development and operations.

The ONE-Dyas production profile shows an average production base of some 35,000 boe per day at least until end 2020, with the potential to grow thereafter.

*ONE-Dyas is 49% owned by SHV