Dutch oil and gas producer Oranje-Nassau Energie (ONE) has made its first step into the UK sector by taking over operatorship of the southern North Sea Sean field.
The firm says its acquisition of 50% interest in and operatorship of the UK North Sea Sean field from Shell is part of an ambition to be the number one operator in the southern and central North Sea.
To support its operations on the Sean platform, ONE has opened an office in Norwich to support its operations. The remaining 50% interest in the field is held by SSE E&P UK. The acquisition increases ONE’s total production to over 20,000 boe/d.
Alexander Berger, Oranje Nassue Energie’s CEO, said: “Our ambition is to become the preferred southern and central North Sea operator. We are optimistic about the growth prospects of the Sean area and believe that our experience, coupled with our strong balance sheet makes us well positioned to capitalize on other opportunities.“
ONE’s operating and investment ambitions are backed by a strong financial position, with dedicated private shareholders and a US$340 million reserve-based corporate loan facility from banking consortium ING / ABN AMRO / BNP Paribas / Crédit Agricole and Commonwealth Bank of Australia.