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Netherlands Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2021-2025

The Netherlands’s total gross crude oil and condensate production in 2020 was valued at 18,811 bd and is forecasted to show a declining CAGR of more than -6.5% between 2021-2025. The Netherlands is currently Europe’s leading producer of natural gas. The sector has been historically dominated by the giant onshore Groningen gas field in the Northwest German Basin onshore and has been producing since 1963 with the remainder of resources predominantly in small fields which lie either offshore in the shallow-water North Sea or onshore. The Groningen field production peaked in the late 1970s to early 1980s at over 880,000 boed, 99% of which is natural gas with the remaining volumes being condensate. As a result of concerns over seismic risk in the region, production from the field has declined over the past decade as a result of output caps and it is due to be taken off-stream prematurely in 2022. Crude oil and condensate production in the country peaked in 2003 at approximately 44,000 barrels per day and 2020 saw the lowest supply from the country in over a decade due to the impacts of COVID-19. The Netherlands has begun to curb the production of crude oil in response to the changing climate in Europe and efforts to cut carbon emissions.

Overview of Netherlands crude oil and condensate production

Overview of Netherlands crude oil and condensate production

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What are the market dynamics of the Netherlands’ exploration & production market?

In 2021, total production in the Netherlands is forecast to decline by approximately 6% as a result of the wind-down of the Groningen field and the ultimate cessation of production during 2022. Production from the country has been in decline continuously for the last decade primarily due to the steps taken by the Dutch government to limit seismic activity caused by production activities around the Groningen field which historically accounted for the majority of the country’s total production.

The Netherlands is forecast to see a slight increase in crude oil production in 2021 and 2022 as a result of the bounce back in demand post lockdown Europe and increasing production from the Schoonebeek field. However, post-2022, there are no new projects which would be able to stabilize the country’s crude oil production and the large Rembrandt-Vermeer development has been shelved by Wintershall Noordzee citing delays in obtaining an environmental permit. Without this development, the Netherlands has a declining outlook for oil production.

The outlook for natural gas production is also concerning as the country has no planned or announced fields which would be able to replace the production volumes from Groningen once it is decommissioned. This will force the Netherlands along with many other European countries to rely more heavily upon gas volumes from outside of Europe and as we have seen during 2021, this has caused a significant rise in gas prices. The majority of developments in the last decade in the Netherlands have been small, onshore and offshore fields with a maximum production of just a few thousand barrels of oil equivalent per day and are insufficient for supplying the country’s growing demand for gas.

What are the key categories of the Netherlands’s crude oil and natural gas production?

The Netherlands crude oil and natural gas production is categorized by terrain into onshore and shallow water. The shallow water category accounted for the largest share in crude oil production while the onshore category in natural gas production. The major assets in Netherlands’s crude oil and condensate production include Schoonebeek (Olie), Sillimanite and F02a-Hanze, Rotterdam, and Q13a-Amstel. Similarly, the major assets of the Netherlands’s marketed natural gas production include Groningen, K05a-D, A18-FA, and D12-B.

Exploration & production market in the Netherlands, by type

Exploration & production market in the Netherlands, by type

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Which are the key players in the exploration & production market in the Netherlands?

The key players in the Netherlands exploration & production market are EBN BV, Exxon Mobil Corp, Royal Dutch Shell Plc, Neptune Energy Group Ltd, and Korea National Oil Corp. The major companies in the Netherlands’ natural gas production consist of EBN BV, Exxon Mobil Corp, TotalEnergies SE, and Royal Dutch Shell Plc. EBN BV was the leading company in both natural gas production, and crude oil and condensate production in the Netherlands, in 2020. Exxon Mobil Corp will be dominating both sectors during the forecast period also.

Exploration & production market in the Netherlands, by key players

Exploration & production market in the Netherlands, by key players

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Market report scope

Market production value (Year – 2020) Crude oil and condensate production: 18,811 bd

 

Growth rate Crude oil and condensate production: CAGR >-6.5% during 2021-2025

 

Base year for estimation 2020
Forecast Period 2021-2025
Key categories Onshore and Shallow Water
Key players EBN BV, Exxon Mobil Corp, Royal Dutch Shell Plc, Neptune Energy Group Ltd, and TotalEnergies SE

Scope

This report provides an overview of the Netherlands’ exploration & production sector. The report includes:

  • Key details of active and upcoming oil and gas assets in the country.
  • Recently licensed blocks details, licensed blocks count by company, and latest discoveries.
  • Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country.

Reasons to Buy

  • Gain a strong understanding of the Netherlands’s E&P sector.
  • Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries.
  • Assess your competitor’s production outlook and licensed blocks count in the country.
  • Analyze the latest M&A landscape and awarded contracts related to the country’s E&P sector.

Key Players

EBN BV, Exxon Mobil Corp, Royal Dutch Shell Plc, Korea National Oil Corp, Neptune Energy Group Ltd, ONE-Dyas BV, Gazprom, Abu Dhabi National Energy Co, Viaro Energy Ltd, MB Holding Co LLC, BASF SE, EBN BV, TotalEnergies SE, Vermilion Energy Inc

Table of Contents

|Table of Contents 3

|List of Tables 4

|List of Figures 5

Netherlands Exploration and Production Sector 8

Netherlands Exploration and Production Sector, Oil and Gas Production Outlook 8

Netherlands Exploration and Production Sector, Marketed Natural Gas Production by Terrain 9

Netherlands Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets 10

Netherlands Exploration and Production Sector, Marketed Natural Gas Production by Assets 13

Netherlands Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies 16

Netherlands Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies 18

Netherlands Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details 20

Netherlands Exploration and Production Sector, Exploration 26

Netherlands Exploration and Production Sector, Total Licensed Blocks 26

Netherlands Exploration and Production Sector, Licensed Blocks by Company 26

Netherlands Exploration and Production Sector, Exploration 27

Netherlands Exploration and Production Sector, Exploration Details, Exploration 27

Netherlands Exploration and Production Sector, Major Oil and Gas Discoveries 30

Netherlands Exploration and Production Sector, Number of Oil and Gas Discoveries, 2017 – 2021 30

Netherlands Exploration and Production Sector, Oil and Gas Discovery Details 31

Recent Contracts 32

Recent M&A Activity 48

Appendix 51

Methodology 51

Coverage 51

Secondary Research 51

|Contact Us 52

List of Tables

Netherlands, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 8

Netherlands, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 9

Netherlands, Gross Crude Oil and Condensate Production (bd), by Assets, 2016-2025 10

Netherlands, Marketed Natural Gas Production (mmcfd), by Assets, 2016-2025 13

Netherlands, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2016 – 2025 16

Netherlands, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2016 – 2025 18

Netherlands, Active and Upcoming Oil and Gas Field Assets Details 21

Netherlands, Total Licensed Blocks, 2010-2020 26

Netherlands, Licensed Blocks by Company, 2010-2020 26

Netherlands, Recently Licensed Block Details 27

Netherlands, Number of Oil and Gas Discoveries, 2017 – 2021 30

Netherlands, Oil and Gas Discovery Details, 2017 – 2021 31

Recent Contracts 32

Recent M&A Activity 48

List of Figures

Netherlands, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 8

Netherlands, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 9

Top 10 Fields in Netherlands by 2020 Crude Oil Production 10

Top 10 Fields in Netherlands by 2020 Natural Gas Production 13

Top 10 Companies in Netherlands by 2020 Crude Oil and Condensate Production 16

Top 10 Companies in Netherlands by 2020 Natural Gas Production 18

Netherlands, Active and Upcoming Oil and Gas Assets by Production Start Year 20

Netherlands, Number of Oil and Gas Discoveries, 2017 – 2021 30

Frequently Asked Questions

The Netherlands’s total gross crude oil and condensate production capacity was valued at 18,811 bd in 2020.

The Netherlands’s oil and condensate production is expected to decline by a CAGR of more than -6.5% during 2021-2025.

The marketed natural gas production of the Netherlands in 2020 was valued at 2,188 million cubic feet per day (mmcfd).

The key players in the exploration & production market in the Netherlands are EBN BV, Exxon Mobil Corp, Royal Dutch Shell Plc, Neptune Energy Group Ltd, and TotalEnergies SE.

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