Country Report
Netherlands upstream summary
Report summary
A mature hydrocarbon producer - The Netherlands is the fourth largest gas producer in Europe, behind Norway, the UK, and now Ukraine. Gas production entered terminal decline in 2013. Production began onshore in the 1950s and offshore in the 1970s. Gas production has historically been 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. Until recently, Groningen was an important swing ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- EBN
- NAM
- Other operators
-
Other key companies
- GasTerra
- Gasunie
-
Geology
- Introduction
- Hydrocarbon Plays in the Netherlands
-
Exploration
-
Drilling
- Drilling activity
- Offshore exploration drilling
- Onshore exploration drilling
- Success rates
-
Drilling
- Reserves and resources
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
-
Introduction
- Onshore oil pipelines
- Refineries
- 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
- LNG
-
Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- 2021 Mining Law amendments
- 2003 Mining Law
- Regulatory body
- State participation
-
Government depletion policy
- Historical development
- Gasunie split - GasTerra
- Small fields policy
- Offtake terms for small fields
- Historical offtake terms for small fields
- Licensing
-
Offshore licensing
- Offshore exploration licences
- Offshore production licences
- Onshore licensing
- Fallow Covenant
-
Key legislation
-
Fiscal terms
- Overview
-
Upstream
- Windfall tax measures (2022-24)
-
Current fiscal terms
- Basis
- Government equity participation
- Ring fencing
- Royalty
- Corporate income tax (CIT)
- State profit share
- Interaction between state profit share and corporate income tax
- EU temporary solidarity contribution (2022)
- Fiscal treatment of decommissioning
- Product pricing
- Sample cash flow
-
Historical background
- Pre-Groningen tax terms
- Special Groningen tax terms
- 1967 and 1976 Royal Decrees
- Historical royalty rates
- Corporate income tax (historical rules)
- State profit share (historical rules)
Tables and charts
This report includes 49 images and tables including:
- Key facts: Table 1
- Country map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Commercial gas reserves by sector
- Commercial liquid reserves by sector
- Reserves and resources: Table 3
- Reserves and resources: Table 4
- Main sedimentary basins in the Netherlands
- 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
- Netherlands transport infrastructure
- Oil infrastructure
- Licensing rounds
- Policy and regulation: Table 2
- Concessions
- Fiscal terms: Table 10
- Reserves and contingent resources at 01/01/2023
- Net Acreage 2023
- Liquids and Gas Production 2022
- Capital Expenditure 2022
- Exploration drilling by region
- Drilling activity by well type
- Drilling activity and commercial success rates
- Oil infrastructure map
- Gas infrastructure
- Onshore gas infrastructure map
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Losses
- Fiscal terms: Table 8
- Losses
- Fiscal terms: Table 11
- Fiscal terms: Table 12
What's included
This report contains:
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