Your registration is complete and your account is active. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. For gas year 2020, the cap has been further lowered to 8.1 Bcm. The rapidly declining output at the field has eaten away at Dutch gas stocks, which have now fallen below Gas Year 2018 levels and are well below the European average. [1], The main reservoir in the Groningen field is the Cisuralian (Lower Permian), Rotliegend Slochteren sandstone. London — The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. In gas year 2018, the field produced 17.51 Bcm. The early closure of the field was imposed by the government as a measure to end local earthquakes, caused by hydrocarbon extraction. Access latest power news and analysis, conferences and events. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Americans Are Willing to Pay More for Products Made in the USA. Energy-Related CO2 Emissions Decline Again: Thank Fracking! Production will need to fall below 1 Bcm/month in the summer to hit the current quota, with cumulative gas production in the current gas year of 2019 totalling 2.79 Bcm by the end of December, NAM data showed. 39.4 bcm per year). Natural gas output at Europe's largest onshore gas field, the Netherlands' Groningen, continued to fall sharply in December following the Dutch government's tightening of the production quota, with volumes down 43% year on year. Natural gas production at the two remaining active fields totaled 1.06 Bcm in December, down 43% year on year and 3% on the month, data from operator NAM showed. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. NAM - Groningen Long Term Project GLT RENOVATION OF THE SLOCHTEREN GAS FIELD. According to the latest data published by NAM, the joint venture operating the onshore gas field, production volumes declined 50.6% to 8.65 billion cubic meters (Bcm). © 2020 Shale Directory, LLC. [1][2] As of 2009[update] the Groningen gas field has produced around 1,700 billion cubic meters (60.7 trillion cubic feet) which represents 60% of the total reserves of the field but the remaining 1,100 billion cubic meters (39.3 trillion cubic feet) are expected to last for another 50 years. [1], After two previous unsuccessful wells were commissioned to search for oil and gas, on 22 July 1959, the Slochteren 1 well, drilling to a depth of 3,000 metres (9,800 ft), discovered the huge 2.8 trillion cubic meters (100 trillion cubic feet) gas field in the porous Rotliegend sandstone formation, which is 130 metres (430 ft) to 140 metres (460 ft) thick and 45 kilometres (28 mi) long from north to south by 25 kilometres (16 mi) long from east to west. Discovered in 1959, it is the largest natural gas field in Europe and the tenth-largest in the world. The rapid decline in production of L-Cal gas from Groningen will continue to make the Netherlands increasingly dependent on LNG and pipeline gas imports from Norway and Russia. Groningen officials are not satisfied with the measures. Traders have also reported that Gazprom Export is making a dent in their storage volumes in Central and Eastern Europe, which may too have resulted from quicker withdrawal rates. Diesel prices across the US soared last week, reaching multiyear highs in nearly every region. [1], Porosities lie generally in the range 15–20% with permeabilities in the range 0.1–3000 mD. The Dutch oil and gas company NAM, which is in charge of developing the country’s natural gas reserves, has advised economic affairs minister Eric Wiebes to cut back gas production substantially in the vulnerable Groningen field in the northern Netherlands.