The Mining Act provides the legal framework for oil and natural gas exploration and production in the Netherlands. Subsurface minerals (greater than 100m below the surface) are owned by the Dutch state. Licenses for exploration or production are granted by the Dutch Ministry for Economic Affairs (MEA), and ownership of the subsurface minerals is then transferred to the licensee.
For the MEA to grant an exploration license, the licensee must present a development plan, and have the financial and technical capabilities to execute. The holder of an exploration license can apply for a production license by demonstrating the commercial capability of the gas prospect1.
The government has the right to participate in oil and gas developments through the state-owned entity, Energie Beheer Nederland (EBN). In new licenses, EBN has a participating interest of 40%.
(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)