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Oda - PL405

The Oda field is situated in approximately 65 metres water depth in the Southern North Sea (NO), close to significant existing infrastructure with the producing Ula, Tambar and Gyda Fields, approximately seven kilometres to the west, 10 kilometres to the south west and 20 kilometres to the south respectively.

Oda

Oda - PL405

Area Equity Partners Blocks
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).