Oda - PL405
|North Sea (NO)||15% equity||Spirit Energy Norge AS (40% and operator)
Suncor Energy Norge AS (30%)
Aker BP ASA (15%)
|7/9, 12, 8/7, 8, 10, 11, 12|
The Oda Field (previously named Butch) was discovered in 2011, in the Norwegian North Sea, approximately 13 kilometres East of the Ula Field.
This field is being developed as a subsea tie back to the Ula platform (Faroe 20%), oil will be transported via the Norpipe system to the Teesside Terminal, while the gas will be sold at the platform to Ula which will be re-injected into the Ula reservoir to improve recovery.
This subsea tie-in presents an innovative solution, reusing the existing Oselvar infrastructure (Faroe 55%) from the Ula Platform. Production from the Oselvar field (Faroe operated 55%) ceased as planned in April 2018 to allow the Oda tie-in to be undertaken. In H1-2018 Faroe received the final instalments from the Oda partnership of £35.7 million, of which £7.4 million was accrued in 2017.
This project is both on schedule and within budget and now entering a busy offshore construction phase with three wells being drilled in the field (two producers and one water injection well). First oil is scheduled for mid-2019, with gross plateau production expected to be 30,000 boepd (4,500 boepd net to Faroe).