Dutch authorities will cut Groningen gas output to limit earthquake risk

19/04/2017 10:19 Natural Gas

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The Netherlands intends to cut down production of the Groningen gas field by 10% starting from October 2017 in order to reduce earthquake risk.

The giant Groningen gas field was discovered in 1959 and is developed since 1963. Remaining reserves are about 800 billion cubic metres (bcm) (vs. about 2800 bcm of initial reserves). This is good for 25 years of Dutch consumption at current levels.

 

The economy minister, Mr. Henk Kamp, declared that in the initial phase the output would be decreased to 21.6 bcm/year from 24 bcm/year. Production has been reduced a few times from 53.9 bcm in 2013 to 24 bcm as criticism mounted that Dutch authorities had failed to evaluate the risk to citizens from earthquakes instigated by output at Europe's major field.

 

The production cut is likely to limit the existing risks and to maintain the local economy.

 

Groningen field is run by a joint venture between Royal Dutch Shell and Exxon Mobil.

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