Tullow's Dutch acreage provides the group with offshore gas exploration and development opportunities adjacent to its UK North Sea CMS acreage.
The first two licences were acquired by Tullow in 2007 with the Group adding more blocks to its portfolio in 2008 and 2009.
In mid 2011, Tullow completed a €300 million deal with the Vattenfall Group whereby it acquired all the interests held by Nuon Exploration and Production, which included 30 producing gas fields.
In 2012, Tullow announced its intention to sell its UK and Netherlands gas assets to focus on the core Africa and Atlantic Margins Group strategy Tullow no longer holds any operated licences in the Netherlands and completed the sale of its operated and non-operated interests in the L12/15 area and Blocks Q4 and Q5 to AU Energy on 30 April 2015 for a consideration of €64 million for the sale of approximately 1,500 boepd. In June 2015, Tullow also completed the sale of 30% equity and the operatorship of exploration licences E10, E11 (including Tullow’s Vincent discovery), E14, E15c and E18b to GDF Suez E&P Nederland (ENGIE).
Tullow plans to drill a number of small, low equity, non operated gas prospects in the Netherlands during in 2016.