Netherlands/Germany: Tulip Oil announces quarterly update
18 Jan 2021
Tulip Oil has announced the latest quarterly update on its oil and gas exploration and production businesses in the
Netherlands and
COVID-19
The Tulip Oil Group and its business partners continue to apply measures in response to the COVID-19 outbreak. Staff continues to work intermittently in the office and from home consistent with prevailing guidelines.
Q10-A development by Tulip Oil Netherlands Offshore
Production was shut in entirely until October 13 to allow for scheduled maintenance of the neighboring P15 platform. Since November, production has benefitted from the successful deployment of the available compression facilities on P15. The Q10-A field produced 142 million standard cubic meters of gas during Q4, compared to 59 million standard cubic meters in Q3. The average realized gas price during Q4 was 14.9 €/MWh and the average realized gas price during Q3 was 6.1 €/MWh. The Company has take