Tulip Oil plans offshore Netherlands drilling

Tulip Oil Holding BV is evaluating rig availability for drilling two discovered gas fields near the producing Q10-A field offshore the Netherlands. The targeted reservoirs have previously produced gas and have field development plans that follow the same approach as development and appraisal of Q10-A for low-cost production and low carbon footprint. 

Tulip has taken a final investment decision (FID) on one completion of an unfinished well and one side-track in Q10-A for production in second-quarter 2021. The company is evaluating an additional temporary appraisal sidetrack to test productivity of the proven Vlieland oil formation in the Q7/Q10a license.

Production in Q10-A was shut in until Oct. 13 for scheduled maintenance of the neighboring P15 platform. Since November, production has benefitted from deployment of the available compression facilities on P15. Q10-A field produced 142 million standard cu m gas during fourth-quarter 2020 compared to 59 million standard cu m in the third quarter.

Tulip Oil Netherlands Offshore BV (TONO) is a 100% subsidiary of Tulip Oil Netherlands BV (TON), which is a 100% subsidiary of Tulip Oil. TON is operator and holds 60% interest in exploration licenses M10/M11, while TONO is operator and holds 60% interest in production licenses Q07/Q10a and exploration licenses Q10b, Q08, and Q11. Energie Beheer Nederland BV holds the remaining 40%.