Faan is a producing conventional gas field located onshore Netherlands and is operated by Nederlandse Aardolie Maatschappij. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Groningen. Buy the profile here.
Field participation details
The field is owned by EBN, Exxon Mobil and Shell.
Production from Faan
The Faan conventional gas field recovered 76.70% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 0.03 thousand bpd of crude oil and condensate and 13.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063.
Remaining recoverable reserves
The field is expected to recover 1.09 Mmboe, comprised of 0.01 Mmbbl of crude oil & condensate and 6.49 bcf of natural gas reserves.
About Nederlandse Aardolie Maatschappij
Nederlandse Aardolie Maatschappij BV (NAM) is an oil and gas company that produces and explores oil and natural gas onshore and offshore. The company’s services include exploration, drilling, production, offshore and onshore services, gas storage, natural gas transportation services, and production and storage facilities operations and management services. It operates underground gas storage facilities located in Langelo and Grijpskerk. NAM provides primary education, secondary education and vocational education. It also provides guest lectures about oil and gas extraction. The company partners with other oil and gas companies for its exploration activities. NAM is headquartered in Assen, Drenthe, the Netherlands.
For more details on the Faan Conventional Gas Field, buy the profile here.