Tulip Oil has decided to press ahead with the development of the Q10 gas field in the North Sea.
Tulip Oil, based in The Hague, said the field will become a major offshore producing asset in the Netherlands.
It was discovered in 2015 and lies 20 kilometres off the Netherlands in shallow water.
It will be serviced by an unmanned platform linked to Taqa’s P15d platform to the south east.
First gas is expected in 2019.
Allseas has won a contract for the pipelines and Heerema will take care of the production platform.
A Paragon rig will drill the development wells.
Tulip chief executive Imad Mohsen said: “This marks a major step forward for both Tulip and our partner, Energie Beheer Nederland B.V. (EBN), to put Q10 into production, we are happy to see our assets moving forward into development and generate significant cashflow.”