DUTCH PIPELINE PROJECT CREATING GAS DEVELOPMENT OPPORTUNITIES

Two-stage construction of the Nogat gas pipeline from the northern part of the Dutch North Sea to the mainland is opening development opportunities. A series of gas finds will be linked to the new pipeline. The level of development in this area should accelerate as presence of the pipeline encourages exploration along the route. Dutch waters remain mostly a gas play. Gas production averages about 1.7 bcfd, while oil output has slipped below 50,000 b/d.

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