Earthquakes linked to extraction in the area have led to a public backlash and a new production plan for the field will be presented by July 1, 2016. The venture has set aside 100 million euros for claims and has paid out about 50 million euros so far.
Extracts from a BloombergBusinessweek article
The Slochteren field is operated by the Nederlandse Aardolie Maatschappij BV, or NAM, the Dutch gas-production venture of Royal Dutch Shell Plc and ExxonMobil Corp.
Earthquakes linked to extraction in the area have led to a public backlash and a new production plan for the field will be presented by July 1, 2016.
The venture has set aside 100 million euros for claims and has paid out about 50 million euros so far.
The government will also need to spend about 1.2 billion euros to compensate for houses and buildings damaged by temblors in the area of the field.
The strength of earthquakes triggered by gas production where the Slochteren field is located may rise to a magnitude 5 on the Richter scale, according to a study released in January last year by the State Supervision of Mining at the Ministry of Economic Affairs.
An Aug. 16 last year, a temblor measuring 3.4 damaged the properties of about 2,500 people.
Full BloombergBusinessweek article
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