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NAM compensation pledge for Groningen earthquake damage

Printed below is an English translation of information published today by 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 prone Groningen Gas Field and consequential potential bill for untold billions in damages. 

Begins

NAM pleased with NAM’s new claims protocol

Minister Wiebes of Economic Affairs and Climate presented a new damage protocol together with the region on Wednesday 31 January.

NAM director Gerald Schotman (left) responded with pleasure.

“From now on, the State can resume tackling the damage caused by earthquakes energetically. With this protocol, NAM now definitely stands for the future at a distance from that claim settlement. That was emphatically the wish of the Groningers and also of us as a company. At the same time I continue to emphasise: NAM will also compensate in the future for the damage caused by earthquakes.”

ENDS

The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. Discovered in 1959, it is the largest natural gas field in Europe.  read more

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