The first field in the P15ab and P15c licenses was developed in 1993 and all of the subsequent gas reserves were found in the Triassic Bunter sandstones, in a series of tilted fault blocks.
The P15ab and P15c licences are part of the P15/P18 gas complex located in the south of the Dutch North Sea, containing a number of gas fields most of which have been developed as satellites to a central gas platform, P15-D, located adjacent to the P15-C Rijn oil processing facilities. On the P15-D platform, the gas is processed to sales specs and exported through a dedicated 40 km, 26”pipeline to the beach at Maasvlakte, near Rotterdam.
The condensate that is separated from the gas on P15-D is transported to P15-C, from where it is exported blended with Rijn and third party Amstel crude through a 42 km oil pipeline to the Hoek van Holland terminal.
ONE has a 14.19299% working interest in the P15ab license and a 11.72816% in the P15c licence, both of which are operated by TAQA, as is the P15/P18 gas complex.