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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Revisions compared to 1 January 2012 Table 11 lists the revisions to the Dutch oil resource, resulting from • re-evaluations of previously proven accumulations; • production during 2012. The discovery of the F17 oil accumulation is not yet incorporated in the resource amount as (according to the PRMS) it is too early to make firm enough estimations on its size. The net result is an overall increase of the oil resources by 7.9 million Sm3 compared to 1 January 2012. The largest part of this increase is due to the evaluation of the onshore accumulations that already ceased production. For a number of these fields there may be opportunities for redevelopment On the contrary, oil resources offshore are devaluated, mainly as a consequence of the introduction of the PRMS classification (e.g. accumulations in relinquished licences) Finally the oil production in 2012 accounts for a decrease of the resources by 1.3 million Sm3. 3 total 13.4 -0.4 13.0 -4.2 -0.9 -5.1 9.2 -1.3 7.9 Figure 6 shows the oil production since 2001 and the prognoses of oil production for the next 25 years. This prognosis is based on the annual reports of the operators. The decreasing trend of the last years has been reversed by the re-start of the production from the Schoonebeek field. The Schoonebeek field will reach its maximum production in 2014 the same year that the Q13-FA will have first oil. From 2014 onwards production will show an overall decline towards 2037. Figure 6. Oil production since 2001 and prognoses of the oil production until 2037. 27 Table 11. Revisions of expected gas resource compared to 1 January 2012, in million Sm Area T erritory Continental Shelf T otal (re-)evaluation Change as a result of: production

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