Nederlandse Aardolie Maatschappij (NAM) has launched a USD 1 billion programme to redevelop the giant Groningen gasfield that lies both on- and offshore the north coast of the Netherlands. NAM, an equal-interest joint venture between ExxonMobil and Royal Dutch/Shell, is the operator of the Groningen Field, which currently produces approximately 5.3 billion cf/d of gas. The massive field is the primary source of gas for the Netherlands, but is falling far short of the 15.9 billion cf/d the country needs. As a consequence, NAM plans to boost the field’s reservoir pressure by installing compression equipment to raise the psi back to the 5033 level it once had from the present 2031psi. In doing so, the JV believes it will be able to ramp up production from the probable 95.35 Tcf reserves the field contains.
