Tulip Oil Netherlands BV has reached an agreement with PA Resources to take over its full working interests in the Netherlands offshore exploration licences Q7 and Q10a; the agreement is still subject to regulatory approvals.
Tulip Oil safely and successfully executed the re-completion of Donkerbroek 4 well. Donkerbroek 3 and 4 wells as well as Hemrik 1 well will produce through the Hemrik facility into the grid. The Hemrik facility main packages have been delivered and tested in the last couple of weeks.
25 km of export pipelines and flow lines have been installed and successfully pressure tested.
Tulip Oil is well placed to start production by January 2015.
Tulip Oil (through its subsidiary Rhein Petroleum) has successfully and safely finished piling the conductor for the upcoming well in Schwarzbach.