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Tulips Strategy is:

  • To find, appraise and develop overlooked oil and gas
    opportunities in the Dutch and German sectors both onshore and offshore
  • To use modern technology to unlock and swiftly commercialise
    known contingent volumes
  • To conduct exploratory appraisal in proven oil and gas provinces


Tulip Oil focuses on assets where it can add value by proving a safe, low cost
and high value appraisal and development on the back of the highest
quality subsurface, petroleum engineering and project delivery acumen.

Tulip Oil featuring in a EBN Exploration movie

Operational model – Ambitious with feet on the ground

  • Has to be Safe
  • Use sound engineering judgment of a small number of high quality people. Close integration between engineers/subsurface and economics.
  • Use simple concepts, minimise engineering and execution risk. Leverage modern and proven technology.

  • Share the objectives and create commercial alignment with carefully selected Contractors.
  • Make use of ullage in Contractors work portfolio.
  • Short decision lines during design/ procurement/ contracting and construction.

Safe Operations
Aligned high quality personnel
Aligned high quality contractors
Solid financing

Operations

Tulip Oil has operation in both The Netherlands and Germany. Our Operations and projects span a wide range of areas at any one time but may include seismic acquisition, exploration or development drilling, prospect and field evaluation studies, project construction, field development execution or production operations.

The Netherlands

Tulip Oil Operates a number of fields onshore and offshore in the Netherlands. Its principal asset  is the Q10-A Asset which was brought onstream in February 2019, delivering gas to the Dutch gas network. Additionally, seismic acquisition and exploration activities offshore are key areas of focus for the foreseeable future.

Germany

Tulip Oil’s 90% subsidiary in Germany, Rhein Petroleum has an interest in and operates a number of onshore fields in Southern Germany, producing mostly oil. In 2012, Rhein Petroleum Shot Europe’s largest ever onshore 3D seismic campaign (750 sq. km in Germany). In the summer of 2019, Rhein Petroleum had a significant discovery at the Steig-1 well and is working to develop this oil field.

Our core values

Every company has values that are core to their day to day operations just as much as they are to the big decisions. For Tulip there are four core values.

HSE, INTEGRITY, AMBITION, CREATIVITY.

Tulip Oil Values

HSE –

Safety is at the core of everything we do. This is not something that Tulip has a manual for or a web-based checklist but it is inherent to our people, our way of thinking and every decision we take. Everyone should be able to go to bed securely after a safe day’s work. Accountability for Safety is owned by each and every one of us.

INTEGRITY

We believe that doing the right thing in a professional but caring, respectful and honest way promotes and delivers a transparent organisation that stakeholders can trust. Tulip Oil’s people are trustworthy, good to their word and reliable in their dealings with each other and our stakeholders. Tulip Oil people are thoughtful, respect the opinions of others, and the customs, cultural diversity and regulatory requirements of the locations in which we do business.

AMBITION

Ambitious but with our feet on the ground – everybody on the Tulip Oil team is recruited for their skills and capacity, but also for their ambition, their drive and their pragmatism. This is a key differentiator we seek with our partners, our contractors and our stakeholders. We care passionately about people, our assets and our responsibilities to all of our stakeholders.

CREATIVITY

Tulip Oil people are creative in the way they approach every aspect of the oil and gas business. Never been done before is something we have often come across, but we are firm believers in the importance of practice over theory and that creative minds often work best together. Setting ourselves testing objectives and then creating ingenious new opportunities to deliver success in the face of challenge.