RockRose strikes deal for Dyas’ North Sea interests

RockRose Energy has signed an agreement to acquire Dyas Group’s interests in producing fields offshore and onshore the Netherlands for $125 million.

Offshore staff

LONDON – North Sea independent RockRose Energy has signed an agreement to acquire Dyas Group’s interests in producing fields offshore and onshore the Netherlands for €107 million ($125 million).

The Dyas group of companies is owned by Dutch multi-national group SHV Holdings.

Dyas plans to fund the acquisition from its existing cash resources and its share of associated capex from its operating cash flow.

The deal will bring the company 13 MMboe net developed reserves (with undeveloped and prospective resource upside) and more than 5,000 boe/d of production.

Post completion RockRose estimates it will reserves of around 23 MMboe and 2018 production of more than 10,000 boe/d, comprising 60% gas and 40% oil.

Robert Baurdoux, CEO of Dyas, said: “After a presence of over 50 years in the Netherlands, the divestment of our Dutch entities is part of a strategic refocussing of our business.

“RockRose Energy is well placed to take-on the stewardship of the Dutch assets, allowing Dyas to pursue new investment opportunities in the UK, Norway, Denmark, and Malaysia.”

The offshore interests acquired are:

Location

Field/Concession

Operator

Dyas Interest (%)

Oil Netherlands

P15 Rijnfield

TAQA

45.7

F2-Hanze

Dana

20.0

Offshore Gas Netherlands

A/B Blocks

Petrogas

14.6

K4 & K5 Blocks

Total

11.7

F15A, B

Total

8.8

J3C

Total

1.7

P6 AB Field

Wintershall

15.0

P6-D

Wintershall

30.6

P9-A+B Unit

Wintershall

11.6

Q1-B Unit

Wintershall

2.6

Q4

Wintershall

10.4

Q4B Unit

Wintershall

10.3

F2 Pliocene

Dana

12.0

Markham Unit

Centrica

4.4

P15/P18

TAQA

4 to 9

K18b

Wintershall

10.0

Lambda

Wintershall

10.5

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