North Sea Producers ONE, Dyas Agree To Merge

British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said Dec. 20.

The merged group, ONE-Dyas, will operate alongside a group of several relatively large independent oil producers that entered the North Sea in recent years, including private equity-backed Chrysaor and Neptune.

The tie-up will enable ONE-Dyas “to pursue further growth opportunities,” according to the statement.

The two Netherlands-based firms expect to have a joint production in 2019 of 35,000 barrels of oil equivalent per day (boe/d), they said.