Netherlands Southern North Sea exploration basin
The Southern North Sea Basin in The Netherlands was established as a hydrocarbon province in the 1950s and is now a mature hydrocarbon province. The potential for making value from future exploration in the four plays of the basin is good, despite the mature onshore and offshore sectors and low global hydrocarbon prices. The combination of low costs, moderate levels of government take, and ready access to infrastructure and gas markets means that potential returns are high. Although the potential for further large discoveries is low based upon our yet-to-find forecasts, even the smaller prospects can generate value in the Netherlands.