Oselvar - PL274/PL 274 CS
|North Sea (NO)||55% equity||Faroe (55% and operator)
Cape Omega (45%)
Production from this field ceased in April 2018 as scheduled to allow parts of the Oselvar facilities to be reused to tie in the Oda development (Faroe 15%) to the Ula platform (Faroe 20%). The Oselvar group is being compensated by the Oda group for the loss of production. 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.