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Kistos to buy Tulip Oil Netherlands

Advertisement Kistos, a closed-ended investment company which has been established with the objective of acquiring and managing companies or businesses in the energy sector, has entered into a binding share purchase agreement, subject to customary conditions precedent, to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. from Tulip Oil Holding B.V. The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea. Tulip Oil Netherlands Offshore B.V. owns an operating interest in the Q10-A offshore gas field and interests in other fields in the Dutch North Sea, including the Q10-B, Q11-B and M10/M11 discoveries, and other exploration and appraisal projects. The Q10-A field has 2P reserves of 19.5 million boe.

Oilfield technologyTulip oil netherlandsOilfield technology novemberTulip oil netherlands offshoreTulip oil holdingDutch northDutch north seaOil and gasOffshore energyOffshore gasNorth sea oilஎண்ணெய் வயல் தொழில்நுட்பம்துலிப் எண்ணெய் நெதர்லாந்துஎண்ணெய் வயல் தொழில்நுட்பம் நவம்பர்துலிப் எண்ணெய் நெதர்லாந்து கடல்துலிப் எண்ணெய் வைத்திருத்தல்

Kistos announces proposed acquisition of Tulip Oil Netherlands

Kistos announces proposed acquisition of Tulip Oil Netherlands
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Netherlands/Germany: Tulip Oil announces quarterly update

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

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