Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Dutch North Sea Oil Photo by Stan Shebs/Wikimedia Commons
Business
Nature
North Sea
oil field
gas field
TNO
Groningen
gas extraction
energy production
Monday, February 3, 2020 - 12:50
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

No new oil-, gas fields found in Dutch North Sea

No new oil- or gas fields were discovered in the Dutch part of the North Sea last year, Financieele Dagblad reports based on figures from research agency TNO. The Netherlands has a need for new gas- and oil fields, because the current fields are getting older and emptier, according to the newspaper.

Extracting gas and oil from domestic soil is good for the treasury and it limits the need for imports from other countries. In 2004, the Netherlands extracted 29 billion cubic meters of gas. That has since fallen to 11.3 billion cubic meters.

The reduction in gas extraction mainly has to do with extraction in Groningen being drastically reduced due to fracking earthquakes. With Groningen no longer being a viable site for gas extraction, the North Sea is seen as an alternative, according to the newspaper. If no new gas- and oil fields are found, more of the Netherlands' supply will have to be imported from abroad.

The Netherlands is not very attractive to international oil- and gas companies, because doing the necessary research here is very expensive, according to broadcaster NOS. Minister Erik Wiebes of Economic Affairs and Climate therefore announced a legislative amendment last year that will increase the investment allowance for these fossil fuel companies. Once the law is implemented, it should give the Netherlands a better competitive position compared to other countries. 

Follow us:

Latest stories

  • Sixteen cases of South Africa Covid strain in Gorinchem outbreak
  • Acute care leader: "Race against time" against 3rd coronavirus wave; Covid hospital total stable
  • NL provides extra support for girls’ education in developing countries
  • Rijksmuseum puts female artists in Honor Gallery for first time ever
  • Left-wing politics needed to make Netherlands fairer: Labour party leader
  • Dutch gov't wants Covid passport to give immune people more freedom

Top Stories

  • Acute care leader: "Race against time" against 3rd coronavirus wave; Covid hospital total stable
  • Proof of negative test results could help reopen NL faster: Covid think tank
  • 28 arrested at anti-lockdown protest in Amsterdam
  • Netherlands extending travel alerts to April 15; Child swim lessons to restart soon: Reports
  • Infections down 2 percent for the calendar week; hospitalizations stay the same
  • Virologist says he sees merit in opening terraces if it is well regulated

© 2012-2021 NLTimes.nl, All rights reserved.

Footer menu

  • Privacy
  • Contact