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Shell, Exxon to appeal latest Groningen production cap

Published 06/28/2017, 11:10 AM
Updated 06/28/2017, 11:10 AM
© Reuters.  Shell, Exxon to appeal latest Groningen production cap
  • The NAM joint venture between Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) says it will appeal against the Dutch government's plan to lower a production cap at the Groningen natural gas field by another 10%.
  • The 50-50JV says it has been left in an impossible position by being told it may continue production - vital to supply homes with gas - without guarantees that it is meeting safety standards.
  • The Dutch government has lowered production at Groningen several times over the past three years due to small earthquakes triggered by work there.
  • Now read: Exxon Mobil - Largest Oil Company With Huge Potential


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