Europe / Caspian / CIS

Netherlands flag
Summary | Profile

Country profile: Netherlands

Location: Western Europe, bordering the North Sea, between Belgium and Germany
Climate: temperate; marine; cool summers and mild winters
Terrain: mostly coastal lowland and reclaimed land (polders); some hills in southeast
Size: 41526 sq. km total (Land area: 33883 sq. km  Water area: 7643
Population: 16,645,313 (July 2008 est.)
Languages: Dutch (official), Frisian (official)
Government: constitutional monarchy
Capital city: Amsterdam
Legal system: based on civil law system incorporating French penal theory; constitution does not permit judicial review of acts of the States General; accepts compulsory ICJ jurisdiction with reservations
Currency: euro (EUR)

Country profile

Significant North Sea oil and natural gas reserves were discovered in the 1970s. However, the North Sea did not emerge as a key, non-OPEC oil producing area until the 1980s and 1990s, when major projects began coming onstream. Oil and natural gas extraction in the North Sea's inhospitable climate and great depths requires sophisticated offshore technology. Consequently, the region is a relatively high-cost producer, but its political stability and proximity to major European consumer markets have allowed it to play a major role in world oil and natural gas markets. Five countries operate crude oil and natural gas production facilities in the North Sea: Denmark, Germany, the Netherlands, Norway, and the United Kingdom.

Although the region will continue to be a sizable crude oil producer, output from its largest producers - the UK and Norway - has peaked and entered a period of long term decline. In the near term, improved oil recovery technologies, continued high oil prices and new projects coming online could temporarily delay declines in North Sea crude oil output. Nonetheless, only new discoveries of sizable volumes could reverse the current downward trend of oil production from the North Sea. In regards to natural gas, the North Sea is also seen as a mature region.

Only Norway has seen an increase in natural gas production in recent years, while the UK will likely become a net gas importer in the midterm. Nevertheless, the North Sea’s importance as a key supplier of natural gas will continue, as natural gas consumption in Europe will increase significantly in the future. Imports from outside sources, such as Africa, the Middle East and Russia, will have to increase to compensate for the North Sea decline.

Energy production and consumption

Oil Gas
Production: 76,000 bbl/day (2006) 77 billion cu m (2006)
Consumption: 1 million bbl/day (2006) 47 billion cu m (2006)
Exports: 1 million bbl/day (2006) 50 billion cu m (2006)
Imports: 2 million bbl/day (2006) 22 billion cu m (2006)
Reserves: 106 million bbl (1 January 2006 est.) 1 trllion cu m (2007)
Major fields:

Netherlands - recent news

04 Sep 20
Netherlands: RWE expands its renewables business in the Netherlands
RWE is making good progress in expanding its solar business. Having recently completed the construction of solar farms in the US, Canada and Spain, the company has now started the construction of its first ground mounted solar project in the Netherlands.
13 Jul 20
Netherlands/Germany: Tulip Oil announces quarterly update
Tulip Oil has announced the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany. Production at the Q10-A field offshore Netherlands has been partially reduced to 'leave gas in the ground' in view of the current low gas prices.
24 Jun 20
Netherlands: Neptune Energy completes safe removal of three Dutch platforms
Neptune Energy has announced the safe removal of the L10-C, L10-D and L10-G platforms from the Dutch sector of the North Sea. The platforms have been providing offshore natural gas to the Netherlands for around 40 years and ceased production in 2016.
16 Jun 20
Netherlands: Wintershall Noordzee announces successful production start at the second Sillimanite gas well in the Netherlands
Wintershall Noordzee, a 50:50 Joint Venture of Wintershall Dea and Gazprom EP International, has successfully started gas production from its second b2 production well at the own operated Sillimanite field in the Netherlands.
05 Jun 20
Netherlands: Subsea 7 contract offshore Netherlands confirmed
Subsea 7 has confirmed the award of a substantia contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project.

Netherlands - more news

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