There are a number of options available to meet the energy needs of our modern society. When assessing what the optimal energy mix is for the Netherlands, Vermilion believes that there are six main criteria that must be taken into consideration.
We understand and accept the high expectations placed on us by our stakeholders to ensure Vermilion recognizes, considers and mitigates potential safety impacts on the residents of the communities in which we operate. Ensuring public safety has, and will continue to be, our number one priority. This is our license to operate. Examples of our focus on public safety include:
The following diagram illustrates the energy sources available to the Netherlands in increasing order of CO2 intensity1
|Dutch Energy Consumption|
|Dutch Renewables||Natural Gas||Total Fossil|
Source Reference: ECN, PBL, CBS data (2014), Primary energy consumption divided by energy source
Why does Dutch security of energy supply matter?
Other than natural gas, the Netherlands does not produce enough energy resources to meet all of its energy consumption requirements. Currently the Netherlands relies on fossil fuels such as Natural Gas, Oil, and Coal for over 90% of its current energy needs1. By 2023 it is targeted that Dutch Renewables will make up at least 16% of our energy needs2.
1 ECN, PBL, CBS data (2014), Primary energy consumption divided by energy source; April 2017
2 CBS; April 2017
Exploration and production of oil and natural gas supports approximately 6,000 direct and 10,000 indirect jobs1 in the Netherlands .
|Dutch Job Creation|
|Ongoing staff (direct & indirect)||225|
|Temporary project & construction||200|
|Total ongoing & temporary||425|
|Other jobs created from our activities||1,060|
|Total number of jobs associated with our activities||1,485|
These positions represent a broad array of well-paid technical and professional opportunities for Dutch based workers and furthers the Netherlands’ development as a knowledge based economy.
According to the World Economic Forum, it is estimated that the oil and gas energy sector has a job multiplier effect of up to 32. This means that for every 1 job created in the oil and gas industry, there are up to 3 additional jobs created elsewhere in the economy.
How does the Dutch gas industry contribute to the economy?
How do Vermilion’s activities benefit the Netherlands?
If Dutch Gas income were to suddenly disappear, the government would need to find a way to finance the resulting shortfall in the budget. One method would be to increase income tax, where the average annual increase in income tax would amount to €6301,2.
1 ,2CBS; April 2017
Natural gas is one of the most efficient and concentrated sources of energy available to society. In a relatively small country such as the Netherlands, with a high population density and many competing uses for space, the surface footprint of energy development options does matter.
Wherever possible, Vermilion will reuse existing surface lease sites to minimize its surface land footprint. In the drilling programs completed in 2014 until 2016, Vermilion drilled seven of its eleven wells from existing lease sites, thereby further reducing our surface land footprint.
1 Derived from material presented in the book: Landschap en Energie – Ontwerpen voor transitie; Dirk Sijmons & Fred Heddes; First Edition June 2014
(Unless otherwise noted, references on this website to "Vermilion", or "the Company", or "we", or "our" collectively refer herein to any or all of the people and operations associated with Vermilion Energy Inc. and/or its subsidiaries including its Dutch subsidiary Vermilion Energy Netherlands B.V. whose operations and activities are the focus of this website)