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Dutch government cuts Groningen gas field production

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Dutch government cuts Groningen gas field production

By Carl Surran: 23 June 2015

  • The Dutch government has ordered a further tightening of production at Groningen, Europe’s largest gas field, in response to earthquakes that have caused extensive property damage in the Netherlands’ northernmost province.
  • Production at the field will be capped at 13.5B cm in H2 of this year and at 30B cm for all of 2015, after output was cut to 16.B cm for H1 which made for an annualized rate of 33B cm, down from 39.4B cm previously.
  • The Groningen field is operated by a joint venture including Royal Dutch Shell (RDS.A, RDS.B), Exxon Mobil (NYSE:XOM) and the Dutch government.

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