The Netherlands
RockRose Energy entered the Dutch oil and gas exploration & production sector through the 2018 acquisition of Dyas BV which included its interests in the A&B Blocks, the K4b-K5a area, and the Hanze oil field. With Viaro Energy’s 2021 acquisition of Hague and London Oil (HALO) BV portfolio, the company gained assets in the Joint Development Area partnership. RockRose Energy also has interests in several other offshore and onshore assets in the Netherlands, including the Rijn field, F15AB, the Greater Markham Area, the Bergen Concession, and the strategic gas store Alkmaar PGI.
A&B Blocks
RockRose Energy has non-operated interests in the A&B Blocks, made up of 6 gas fields operated by Petrogas. Five of the fields A12, A18, B13, B10 and A15 are onstream. The producing fields were brought onstream using a Central Processing Platform (CPP), with compression facilities to address the low pressure of the Pleistocene-age reservoirs. B10 and A15 the latest to be development, came online in 2024. Due to capacity constraints at the CPP, a phased development approach has been pursued in the area. Gas is exported via a spurline to the A/6-F/3 pipeline, which in turn links to the NOGAT pipeline for transportation to Den Helder.
14.63% (AB Unit); 27.64% (A15 Unit)
Onstream/In Development
The A&B Blocks gas fields are located in the offshore Netherlands, in water depths between 350 metres and 700 metres.
RockRose Energy acquired interests in the A&B Blocks gas fields in 2018, which began production in 2007. With investments to secure the full potential of existing fields through infill drilling, and the development of new gas such as B16, along with exploration potential, the A&B Blocks resources are estimated to last for several years to come.
~1,900 boepd net to RockRose in 2023
K4b-K5a Blocks
RockRose Energy’s interests in the K4b-K5a Blocks include 9 gas fields operated by Total Energies, 1 of which has ceased production. The area was developed with a CPP over the K/5-A structure and 5 unmanned wellhead platforms to produce gas from the satellite fields. The assets were developed in phases, with first gas achieved from K/5-A and K/5-D in 1994, while K/5-F was brought onstream in 2008. Apart from K/5-F field, which exports its gas via the NGT pipeline to Uithuizen, gas from the area is exported via the equity-owned WGT pipeline to Den Helder.
6.98% (K4/K5 Unit); 11.66% (K4b/K5a Licence); 8.86% (K5F)
Onstream
The K4b-K5a Blocks are located in the offshore Netherlands at a water depth of up to 68 metres, and the gas produced from the Permian Lower Slochteren reservoir at a depth of approximately 3,500 metres.
The gas fields in the K4b-K5a Blocks came onstream in 1994. The operator is focused on life-extension projects through cost reduction (unmanning) and infill initiatives.
~700 boepd net to RockRose in 2023
Joint Development Area (JDA) & K18-Golf
RockRose Energy obtained interests in the JDA through Viaro Energy’s 2021 acquisition of HaLO BV. The JDA covers 6 unitised licences (K07, K08, K11, K14, K15, and L13) and 23 producing fields. It is operated by NAM, a Shell and ExxonMobil joint venture. The main processing hubs within the JDA are the K7-FA and K8-FA to the north, and the K14-FA, K15-FA and K-15-FB to the south. Gas is produced from both high-caloric (HiCal) and low-caloric (LoCal) gas fields. HiCal gas is delivered into the Wintershall-operated WGT pipeline, while the LoCal gas is delivered via a dedicated JDA-owned pipeline to Den Helder. K15-FA receives most of the HiCal gas, and LoCal gas is delivered to the K15-FB platform. RockRose Energy also has interests in the K18-Golf field, a subsea tie-back to the K15-FA facility within the JDA operated by Wintershall.
9.95% (JDA); 2.25% (K18-Golf)
Onstream
The JDA and K18-Golf are located on the Dutch continental shelf.
The JDA gas fields are mature, with first production in the K14 block in 1975. The JDA partners continue to maintain production levels through well enhancement work and infill wells, including the recent L13-FG infill well. In 2022, the partnership initiated the acquisition of an OBN seismic survey to support future infill opportunities. Work has also commenced on the K14-FA carbon capture and storage (CCS) project, with RockRose Energy directly participating in the storage joint venture. The partners are also currently looking at an infill opportunity on the K18-Golf structure.
~1,400 boepd net to RockRose in 2023
Hanze Field
Discovered in 1996, the Dana-operated F02a Hanze oil field was developed using a steel gravity-based platform containing a storage tank with capacity of 150,000 barrels at its base. Oil is produced from a heavily fractured Cretaceous chalk reservoir, while a shallower Pliocene gas reservoir was sanctioned for development in 2009 and produces from a single horizontal well. Oil is exported by shuttle tankers, and gas is exported via a spurline to the A/6-F/3 pipeline, which in turn links to the NOGAT pipeline for transportation to Den Helder.
20% (Hanze Oil); 12% (F02a Pliocene gas)
Onstream
The Hanze field is located in the offshore Netherlands.
The Hanze field came onstream in 2001 and its operator is focused on delivering and maintaining production and life extension, via either infill and exploration, or third-party business.
~400 boepd net to RockRose in 2023
Other Operations...
Other Dutch Assets
RockRose Energy has interests in several other assets in the offshore and onshore Netherlands. These mostly include late-life assets that produced a combined average of 500 boepd net to RockRose in 2023. The company’s other interests include several transportation and storage facilities.
Location: Offshore Netherlands
Equity: 8.82%
Overview: Late-life assets in production since 1993, with deferred decommissioning cost and timing upside.
Location: Offshore Netherlands
Equity: ~10% – 30% across various fields
Overview: Assets predominately decommissioned, with remaining production from Q1B.
Location: Offshore Netherlands
Equity: 1.73% – 4.43%
Overview: Hub for third-party tariff business, located on the border of the UKCS and the NLCS. J3C and Grove equity gas transported through Markham.
Location: Offshore Netherlands
Equity: 45.69%
Overview: Predominantly oil output from the Rijn field, potential for further development drilling.
Location: Offshore Netherlands
Equity: 8.88%
Overview: WGT Pipeline system and WGT extension transporting equity gas to Den Helder.
Location: Onshore Netherlands
Equity: 12%
Overview: Mature production with upside potential from NAM-operated West Beemster field.
Location: Onshore Netherlands
Equity: 12%
Overview: Strategic Peak Gas storage facility providing fixed risk-free cash flow through capacity provision contracts.
Other Operations...