NAM Begins Production in Wadden Sea
NAM (Nederlandse Aardolie Maatschappij) has started natural gas production from field in the Wadden Sea off The Netherlands. NAM is a Dutch company owned jointly by Shell and ExxonMobil.
"We estimate that the total production out of the three locations where we will be drilling would reach 20 billion cubic meters by 2030 or 2035," a NAM spokeswoman said. Production from the other two fields at the wetlands nature reserve would start at the end of this year and the beginning of next year, respectively.
In 2004, the Dutch government lifted a moratorium on gas production in the Wadden Sea as part of measures to tackle the gradual depletion of the key Groningen gas field and encourage production from small fields.
NAM, which operates Groningen, controls the majority stake of the Wadden Sea reserves.
In the mid 1990s, Nam discovered gas reserves of up to 40 Bcm in Wadden Sea and forecast that additional volumes of 30 Bcm to 130 Bcm might be found there, it said several years ago.
Operates 13 Offshore Rigs
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Company: Nederlandse Aardolie Maatschappij (NAM) more info
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