Tulip Oil starts Q10 offshore gas development operations

18 February 2019 (Last Updated September 17th, 2020 12:53)

Tulip Oil Netherlands has commenced operations of the Q10 offshore gas development in the Dutch North Sea.

Tulip Oil Netherlands has commenced operations of the Q10 offshore gas development in the Dutch North Sea.

The commencement of Q10 gas field operations comes one year after taking FID on the project.

Tulip Oil CEO Imad Mohsen said: “Following one of the largest gas finds in the last decade in the Dutch North Sea, Tulip has demonstrated it can also successfully execute the largest natural gas project in Holland in 2018, with a perfect safety record, excellent quality while using best-in-class contractors that have delivered at unheard of cost and schedule.

“Throughout the process, we benefitted from the support of our equity and bond investors, as well as the full technical and financial backing of our JV partner, state-owned Energie Beheer Nederland (EBN).”

“Q10-A will be the cornerstone production and cash generator for the company’s future growth.”

As part of the development, a 42km pipeline was installed by Allseas from the Q10A location to the P15d platform for export.

Heerema Fabrication Group built the unmanned offshore platform, which was installed last December using the Deme Apollo vessel.

Along with the first discovery well Q10A-01, up to four additional wells are being drilled by BORR rig, Prospector-1.

Once these wells become operational, production will be slowly increased.

Tulip Oil chief finance officer Martin Bell said: “Finishing ahead of schedule and on budget is a great achievement and Q10-A will be the cornerstone production and cash generator for the company’s future growth.”

Discovered in 2015, the Q10 gas field lies 20km offshore the Netherlands in a shallow water environment.