Shell, Exxon may appeal over planned Groningen gas output cut
AMSTERDAM, May 24 (Reuters) – A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent.
The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties had until July 7 to announce an appeal.
The 50-50 Shell-Exxon joint venture known as NAM, said in a reaction that the measure was “disproportionate” and ignored previously agreed safety norms, which do not call for such a large reduction.