January 8, 2019

Oranje-Nassau Energie (ONE) and SHV Holdings have reached an agreement on the merger of their upstream energy businesses, forming a combined entity called ONE-Dyas.

ONE-Dyas will be a prominent, North Sea-focused independent operator, the companies said, with 2019 gas and oil production of some 35,000 boe per day. ONE's parent company, ONH, will own 51% of the shares in ONE-Dyas and SHV 49%. The merging of activities is subject to regulatory approval, with the transaction expected to be completed during the first half of 2019. Read more…

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The UK Oil and Gas Industry Association published this content on 08 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2019 11:28:02 UTC