In December 2018 Oranje Nassau Energie and Dyas announced that agreement has been reached on the merger of their upstream energy businesses, in a combined entity called ONE-Dyas, of which SHV owns 49%. This merger was completed in April 2019.
ONE-Dyas B.V. is the largest privately owned exploration and production operating company in the Netherlands. 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 B.V. has a strong focus on the North Sea as its core area of operations. ONE-Dyas has the ambition to significantly expand its operated and non-operated business in this region over the next 3 to 5 years, and is looking to further build on its existing presence in Gabon and Malaysia. The 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.