Europe's Burgeoning E&P Cities
The oil and gas market in Europe continues to be a dynamic landscape for discoveries, drilling progress and field development. Robust licensing rounds and significant acquisitions marked different parts of the continent last year, supported in part by a revival in oil and gas investments. These combined factors have created significant employment opportunities and economic benefits for energy hubs across the region. Here, Rigzone highlights just a few areas in Europe that have significant oil and gas growth potential and a bright outlook for job creation.
The Hague, The Netherlands
Sitting on the North Sea, The Hague lies at a veritable crossroads within the realms of international relations and global commerce.
As the seat of government for the Netherlands, it hosts scores of embassies, consulates, United Nations bodies and non-governmental organizations. The Netherlands’ favorable business climate, coupled with The Hague’s proximity to the seaport of Rotterdam and Amsterdam’s Schiphol international airport, has also enticed a host of multinational corporations to locate global and regional headquarters in the seaside city of approximately 500,000 people.
“The Netherlands provides an excellent logistics hub,” said Nabil Aldabal, managing director of Aramco Overseas Company, B.V. (AOC), an overseas affiliate of Saudi Aramco headquartered in The Hague. “The Hague itself acts as a strong business gateway to Europe and is classified as a major international business center.”
AOC is one of several major companies in the oil and gas industry with strong ties to The Hague. Royal Dutch Shell plc maintains its global headquarters there, and Total E&P’s Dutch head office is located in the city. Service companies with a significant presence in The Hague include CB&I and Schlumberger Ltd.
In addition to coordinating its service operations from The Hague, AOC initiates much of its new technology development for its European operations from the oil and gas hub, said Aldabal.
“The Hague also acts as a strong base for AOC’s research activities across Europe,” he explained. “These include satellite offices dedicated to research and development in locations such as the Netherlands, France and now the United Kingdom, where we have a presence by the North Sea.”
Outside of work, employees of AOC, Shell, Total E&P and other oil and gas industry players will have no problem finding things to see and do in The Hague. The seaside city boasts two beach resorts as well as extensive green space. With its origins dating back to the 13th century, The Hague also has much to offer history buffs, art enthusiasts and architecture aficionados with its assortment of museums, historical buildings and palaces. Moreover, expats with families will discover the city boasts outstanding schools and child-friendly attractions.
“The Hague offers a great climate to live and work, English is widely spoken and the Netherlands in general ranks high in terms of quality and standard of life indicators, a major plus for AOC’s international workforce based here,” concluded Aldabal.
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