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About us | The Company
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About us | The Company

Tulip Oil at a glance

Tulip Oil Holding B.V. is a privately-held exploration and production operator based in The Hague. The Company operates assets in both the Netherlands and in Germany and is owned by funds advised by GNRI, management and staff.

 

The Company was established in 2010. It was recognized early on that Germany and The Netherlands were the preferred locations to focus Tulip’s expertise given the remaining potential for maturing untapped reserves, the proximity to market and the stable and supportive fiscal regimes.

 

Tulip Oil Holding B.V. (TOH) has two fully owned subsidiaries in the Netherlands (Tulip Oil Netherlands B.V. (TON) and Tulip Oil Netherlands Offshore B.V. (TONO)) and a fully controlled JV (90% holding) in Germany under Rhein Petroleum GmbH.

 

Tulip has built a portfolio of mostly gas assets in the Netherlands along with mostly onshore oil assets in Germany.

 

Tulip has discovered and produced from oil assets in Germany : Schwarzbach & Steig (100% RP) and Lauben (50% RP/ 50% Wintershalldea) and gas assets in the Netherlands (Donkerbroek and Hemrik fields).

 

In 2015, Tulip discovered the Q10-A field offshore in the Netherlands, in January 2018 FID was taken with gas operations commencing in February 2019.

 

In the summer of 2019, Rhein Petroleum had a significant discovery at the Steig-1 well and is working to develop this oil field.

 

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

 

Tulip Oil employs an outstanding team to work a strong portfolio of both onshore and offshore projects in both oil and gas at various stages of the Oil and Gas development cycle.

The Tulip Oil team

The Tulip Oil Board
The Tulip Oil Management and Organisation
Tulip Oil Timeline

Track record demonstrated ability to deliver results

 

Strong track-record since inception culminating with discovery of Q10A – at the time, the largest gas discovery the last 15 years in the Dutch North Sea – brought on stream for one of the lowest UDC in the Dutch North Sea and in fastest time. Safely.

  • 2012

    Tulip Oil acquires a 30% stake in Q07-Q10a Blocks
  • 2014

    Re-analysis of historical well data indicate possibility of presence of hydrocarbons
  • 2015

    Acquires additional 30% stake in Q07-Q10a Blocks, bringing Tulip Oil’s total stake to 60% Drills Q10-06 in the Q10-A Structure proving the reserves with high productivity
  • 2017

    Production Licence Awarded for Q10A in July 2017 Raised Bond on Nordic Markets in Oct 2017
  • 2018

    Took FID in Jan 2018. Delivered pipeline 6 months later and platform 11 months later. Started drilling operation in Dec 2018. Acquired a 60% interest in the exploration licenses Q10b, Q08 and Q11. Acquired 427km of 2D seismic in the Dutch North Sea
  • 2019

    First Commissioning Gas in Feb 2019, extensive drilling campaign and Rhein Petroleum had a significant discovery at the Steig-1 onshore well in southern Germany.
  • 2010
  • 2012
  • 2014
  • 2015
  • 2017
  • 2018
  • 2019