Imad Mohsen, the CEO of Tulip Oil Netherlands, took the audience through the short but impressive company history. Tulip oil was founded in 2009 and has since started production at the Hemrik gas treatment facility in the Netherlands, for which a low cost approach to the development was prerequisite to making it economic. Mr. Mohsen explained how a different company culture is required to enable such cost performance, as well as highlighting various technical choices that enabled Tulip to develop Hemrik where others could not.