Natural resources and geothermal energy in the Netherlands

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Natural resources and geothermal energy in the Netherlands ( natural-resources-and-geothermal-energy-the-netherlands )

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Table 5. Gas accumulations discovered in 2012 Name accumulation Wieringa Vinkega G16a-D K08-FC-west K12-M L10-N Discovery well Krabbenburen-04 Vinkega-02 G16-B-04-Sidetrack1 K08-F A-308-Sidetrack2 K12-19-Sidetrack1 L10-36-Sidetrack2 * This field contains both commercial oil and gas volumes. Revisions Licence area Noord-Friesland, Groningen, Tietjerksteradeel Gorredijk G16a K08 K12 L10 Operator NAM Vermilion GDF-Suez NAM GDF-Suez GDF-Suez Both producing and non producing gas accumulations are periodically evaluated by their operators to implement economical and technical developments. These evaluations may lead to adjustments of the reserves. In 2012 they have resulted in a downward revision of the gas reserves by 25.0 billion Sm3. The reduction of resources in the Groningen accumulation is - 25.7 billion Sm3 (approx. 3% of the remaining reserves), the adjustments on the territory and the Continental shelf are balancing each other with -16.2 and 16.9 billion Sm3 respectively The revision of the reserves is related to adjustments based on the production performance of the fields or technical interventions. These interventions comprise the drilling of new wells, and application of new technologies to extend the production life of the field. In all cases the changes in reserves are based on proven technologies such as (extra) compression and deliquification of production wells. This year the adoption of the PRMS has resulted in the readjustment of the resource figures although this may not be distinguished from the technical and economical influences. EXPLORATION POTENTIAL TNO updates the Dutch prospect portfolio for natural gas annually. This is, amongst others, based on the annual reports submitted by the operators for the licenced areas in accordance to the Mining Decree (article 113). For other areas TNO uses figures from its own database. Geological units and prospects TNO focuses on the evaluation of the so called ‘proven plays’. These are geological units for which it is legitimate to assume that they meet the necessary geological conditions to enable the formation of natural gas accumulations. Within those proven plays all mapped and evaluated prospects, based on existing data, will be considered as the prospect portfolio. Hypothetical plays and prospects will not be considered due to their speculative character. Portfolio characteristics The prospect portfolio is characterised by the number of prospects and its associated volume of gas. The volume of a prospect can be expressed in terms of the expected recoverable volume in case of a discovery (the so called Mean Success Volume, MSV) or in terms of the 18

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