Country report
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56 Pages

Netherlands upstream summary


Netherlands upstream summary

Report summary

The Netherlands is the second largest gas producer in Europe and a mature hydrocarbon province. Production began onshore in the 1950s and offshore in the 1960s. Gas production is dominated by the large onshore Groningen field. Discovered in 1959, it is the largest gas field in Europe and among the ten largest gas fields in the world. It is estimated to have recoverable reserves of 102 tcf, with around 26.5 tcf remaining. Groningen acts as the country's main swing producer, both on a ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.82 MB 56 Pages, 27 Tables, 19 Figures
  • Country Overview XLS - 1022.00 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Hydrocarbon Plays in the Netherlands
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Onshore exploration drilling
      • Offshore exploration drilling
      • Success rates
  • Reserves and resources
  • Production
    • Oil/Liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Onshore Oil Pipelines
      • Offshore Oil Pipelines
      • Refineries
    • Upstream Gas Pipelines
      • NGT System
      • WGT System
      • NOGAT System
      • Other Offshore Gas Pipelines
    • Gas Transmission Pipelines
      • Balgzand to Bacton Line (BBL)
    • Underground Gas Storage
      • Norg
      • Grijpskerk
      • Alkmaar
      • Bergermeer
      • Zuidwending
      • Offshore Storage
      • Waalwijk
      • LNG
  • Costs
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
      • 2003 Mining Law
      • Historical Development
    • Regulatory body
    • State oil company
    • Government depletion policy
      • Historical Development
      • Gasunie Split - GasTerra
      • Gas Purchasing and Contracts - Pre Liberalisation
      • Historical Offtake Terms for Marginal Fields (Up to 1 January 2007)
      • Small Fields Policy
      • Improved offtake terms for marginal fields
    • Implementation of the EU gas directive - Liberalisation of the gas market
    • Licensing
    • Offshore Licensing
      • Offshore Exploration Licences
      • Offshore Production Licences
    • Onshore Licensing
    • Fallow Covenant
    • Rental Fees
  • Fiscal terms
    • Overview
      • Upstream
      • Marginal field tax incentive
      • Mid / Downstream
    • Current fiscal terms
      • State Equity Participation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Production Profit Tax (PPT)
      • Corporate Income Tax (CIT)
      • Production Profit Tax (PPT) and Corporate Income Tax (CIT) Inter-Relationship
    • Sample Cash Flow
    • Methodology
    • Historical background
      • Historic Royalty Rates
      • Other Historical Changes
      • Pre-1980
      • Pre-Groningen Tax Rules
      • Special Groningen Tax Terms
      • 1980s
      • 1990s
      • Legislation introduced in 1995/1996
      • The 2003 Mining Act
      • 2000s
      • Changes introduced during the drafting of the 2003 Mining Act

In this report there are 46 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Net Acreage 2016
    • Liquids and Gas Production 2016
    • Capital Expenditure 2016
  • Geology
    • Main Sedimentary Basins in the Netherlands
  • Exploration
    • Exploration Drilling by Region
    • Drilling Activity by Well Type
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Remaining Commercial Liquids and Gas Reserves at 01/01/2015 (p+p)
    • Commercial Liquid Reserves by Region at 01/01/2015 (p+p)
    • Reserves and resources: Table 3
    • Remaining and Produced Liquids and Gas Reserves at 01/01/2015 (p+p)
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production by Region
    • Liquids Production by Development Status
    • Production: Table 3
    • Production: Table 4
    • Gas Production by Region
    • Production: Table 5
    • Production: Table 6
    • Gas Production by Development Status
  • Infrastructure
    • Netherlands Transport Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Oil Infrastructure Map
    • Gas infrastructure
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Licensing Rounds
    • Policy and regulation: Table 2
    • Policy and regulation: Table 3
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
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