Dutch gas player
May 13 (LNGJ) - Kistos Holdings Plc, the UK-listed energy company with natural gas assets offshore the Netherlands and UK gas and storage assets as well energy interests offshore Norway, reported results of €122 million ($132M) in adjusted annual earnings.
“Production from the Kistos-operated Q10-A field in the Netherlands was impacted by downtime from scheduled maintenance,” said Kistos of the field located 20 kilometres offshore in shallow waters. “Nevertheless net output from Q10-A reduced significantly from 4,700 barrels of oil equivalent per day in 2022 to 2,700 boepd in 2023 and our team is now focused on minimising future production declines to ensure we extract the maximum value from this asset,” the company added. Kistos also completed the acquisition in April 2024 of UK onshore gas storage assets from EDF Energy.
