DutchNews. 27 Oct 2021: NL
The Nederlandse Aardolie Maatschappij (NAM) set up in 1947 by Shell and Esso, is being dismantled, ending 75 years of Dutch gas extraction
The company, which is now 50% owned by Shell and 50% by ExxonMobil, is being chopped into four separate limited companies which will be sold off, including all its Dutch oil and gas interests, apart from the Groningen field which is being wound down.
Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil each owning a 50% share in the company responsible for the earthquake blighted Groningen Gas Field and consequential potential bill for untold billions in damages to affected residences.