Oranje-Nassau Energie is investing some €50 million in an installation on the Maasvlakte to extract gas from the North Sea. Trial drilling last year already cost close to 20 million, but was successful. The field extends about three kilometres from the coast and is two kilometres deep up to the Maasgeul. The amount of gas that can be extracted is estimated at 820 million cubic metres, the equivalent of 4.5 million barrels of crude oil and the gas consumption of a city with a population of 150,000 for eight years.
The drilling installation will be positioned virtually next to the Gate LNG Terminal on the Maasvlakte and can therefore link up directly to the main network of gas pipes. Oranje Nassau Energie has a 47.9% interest in the field. The other shareholders are the Dutch state (40%), TAQA Energy (10%), and Energy-06 (2.1%).
Source: Nieuwsblad Transport, 19-04-2012