Shell, Exxon Not To Seek Compensation For End Of Groningen Gas Production

Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on the 25^th June.

The Dutch government expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of €70 billion euros (US$81.5 billion).

Source: Rigzone