NAM Releases USMCA State Data Sheets. December's output included volumes of 574 million cu m at the Zuidwest gas field and 481 million cu m at the Oost field. When the Groningen Gas field was discovered in The Netherlands in 1959, the reservoir contained 2,874 Billion cubic meters of gas, the …
The rapidly declining output at the field has eaten away at Dutch gas stocks, which have now fallen below Gas Year 2018 levels and are well below the European average.
Natural gas output at Europe's largest onshore gas field, the Netherlands' Groningen, continued to fall sharply in December following the Dutch government's tightening of the production quota, with volumes down 43% year on year.
As far as NAM is concerned, this could be done in 2022. The early closure of the field was imposed by the government as a measure to end local earthquakes, caused by hydrocarbon extraction. The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. [15], The Rotliegend is covered by the Late Permian Zechstein evaporite sequence, consisting of carbonate, anhydrite and halite, which provides an effective seal to the gas accumulations within the underlying sandstone. Production will need to fall below 1 Bcm/month in the summer to hit the current quota, with cumulative gas production in the current gas year of 2019 totalling 2.79 Bcm by the end of December, NAM data showed.
[1], Porosities lie generally in the range 15–20% with permeabilities in the range 0.1–3000 mD. This is the first time that the NAM has so explicitly advised a reduction in gas production, the Financieele Dagblad said on Thursday. To compensate for the loss of L-cal gas from Groningen -- which produced close to 54 Bcm in 2013 prior to the introduction of quotas -- the Netherlands has increased conversion of H-cal gas into L-cal gas, achieved by adding nitrogen at blending stations. Yet, NAM produced much less than the 11.8 Bcm production cap set by the government for the year. Output at Groningen has been gradually reduced before being phased out in mid-2022. Access latest agriculture news and analysis, conferences and events. Energy-Related CO2 Emissions Decline Again: Thank Fracking! Receive daily email alerts, subscriber notes & personalize your experience. Please use the button below and we will bring you back here when complete. According to the latest data published by NAM, the joint venture operating the onshore gas field, production volumes declined 50.6% to 8.65 billion cubic meters (Bcm). Within this area large volumes of gas have been discovered, mainly reservoired in the Rotliegend sandstone, with producing fields in England, the Netherlands, Germany, Denmark and Poland. The recent adjustments come as the government seeks to minimize chances of earthquakes of magnitude 3.6 or higher near active wells.
USMCA Fact Sheets The United States-Mexico-Canada Agreement levels the playing field for U.S. manufacturers by raising standards, improving transparency, ending anti-U.S. discrimination from foreign governments, and supporting the two million American manufacturing jobs and 40,000 small- and medium-sized businesses that… NAM 2018 Annual Report. Output at the other two Groningen fields has now ceased, with Loppersum stopping in March 2018 and Eemskanaal ending the following month.
Access latest power news and analysis, conferences and events. [Yes] I would like to receive S&P Global Platts promotional emails. “The (economy) minister has indicated that he wants to close the field as soon as possible. To continue reading you must login or register with us. Although it is technically possible to reduce Groningen's output to this level and still meet domestic demand, the ministry keeps production high (currently[when?] New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. The field accounts for 50% of the natural gas production in the Netherlands , the other 50% being supplied by around 300 smaller gas fields, most of them located offshore in the North Sea .
Access latest oil news and analysis, conferences and events. Production at Ten Post stopped in February 2018 and plugging of the gas wells was completed in March 2019. AMSTERDAM, Feb 2 (Reuters) - Dutch gas producer NAM said on Friday it had halted all production at the Loppersum site in the Groningen field following an earthquake in the region last month. [4], After protests in Groningen because of the increase in induced earthquakes, whose event count shows an exponential growth in time, [5] the Dutch government decided on 17 January 2014 to cut output from the gas field and pay those affected by the earthquake a compensation worth 1.2 billion Euro, spread over a period of 5 years. [1], Coordinates: 53°18′N 6°48′E / 53.3°N 6.8°E / 53.3; 6.8, Geological structure of Groningen gas field (in Russian), "Groningen field to produce gas for another 50 years", "Dutch to cut output from huge Groningen gas field", "Minister visits earthquake-damaged homes in Groningen", "UPDATE 2-Dutch government cuts Groningen gas field production", "Dutch agency calls for further cut in Groningen gas after Oct. 1", "Dutch government confirms cut in Groningen gas output", "Dutch to stop drilling for gas under Groningen by 2030", "#Ministerraad heeft besloten stapsgewijs over te gaan tot volledige beëindiging van gaswinning Groningen. Earlier this year, NAM voiced its desire to not keep Groningen as an energy “backup” tool for the Netherlands. [3], The Groningen gas field is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil with each company owning a 50% share. NAM claims there are alternatives available for the energy industry, while further investigations could reveal other ways to continue meeting the Dutch and European gas demand. A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022.
This post appeared first on Kallanish Energy News. Americans Are Willing to Pay More for Products Made in the USA. Diesel prices across the US soared last week, reaching multiyear highs in nearly every region. [7][8] In June 2016, the Netherlands' National Mines Inspectorate advised the Dutch Government to reduce production even further to 24 bcm per year. Production will need to fall below 1 Bcm/month in the summer to hit the current quota, with cumulative gas production in the current gas year of 2019 totalling 2.79 Bcm by the end of December, NAM data showed.
[1] These sources are dominated by type III kerogen. NAM - Groningen Long Term Project GLT RENOVATION OF THE SLOCHTEREN GAS FIELD. Access latest metal news and analysis, conferences and events. INSTALLATION OF GAS COMPRESSION, PROCESS CONTROL AND INFORMATION PROCESSING OF 29 GAS TREATMENT FACILITIES FOR NAM (A SHELL/EXXON JV).
Groningen officials are not satisfied with the measures. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. [14], The Groningen structure is a NNW-SSE trending intrabasinal high formed by normal faulting during the Mesozoic, particularly during the Late Jurassic to early Cretaceous. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead.
[1], After two previous unsuccessful wells were commissioned to search for oil and gas, on 22 July 1959, the Slochteren 1 well, drilling to a depth of 3,000 metres (9,800 ft), discovered the huge 2.8 trillion cubic meters (100 trillion cubic feet) gas field in the porous Rotliegend sandstone formation, which is 130 metres (430 ft) to 140 metres (460 ft) thick and 45 kilometres (28 mi) long from north to south by 25 kilometres (16 mi) long from east to west.
According to the latest data published by NAM, the joint venture operating the onshore gas field, production volumes declined 50.6% to 8.65 billion cubic meters (Bcm). The Groningen gas field is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil with each company owning a 50% share. Please contact the Client Services team.
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It’s free and easy to do. For gas year 2020, the cap has been further lowered to 8.1 Bcm.
Output at …
In gas year 2018, the field produced 17.51 Bcm.
If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. The Gas Year 2019 quota was revised down to 11.8 Bcm starting October 1 last year, sharply lower than 19.4 Bcm in 2018 and 21.4 Bcm in 2017. [6], The State Supervision of Mines has brought forward that the production level should be cut back to 30 bcm to avoid the more severe quakes.
Weaker stocks at Dutch storage facilities mean they are currently 73% full at 9.384 Bcm, data from Gas Infrastructure Europe showed, compared with with 76% at the same time last year and 80% a month earlier on December 15, 2019. … An email confirming your password has been sent.