Tulip Oil, majority shareholder of Rhein Petroleum GmbH, today published a first estimate of how much oil the Steig field could contain according to internal calculations. According to this, the so-called Oil in Place, i.e. the amount of oil in the reservoir identified by last year’s test well, amounts to more than 114 million barrel of oil. The economically recoverable quantities will be estimated in the coming months as part of a reserve calculation.
