The partnership will invest about £510 million in the development, which is scheduled to start production in 2019.
Previously known as Butch, Oda was discovered in 2011 via well 8/10-4S in the southern part of the Norwegian North Sea, about 13 km east of Ula field (OGJ Online, Oct. 18, 2011). Oda lies in 65 m of water and the reservoir is 2,900 m subsea.
Oda will be developed with a seabed template, tied into the Ula platform. Parts of Oselvar field’s subsea facility and processing equipment on the Ula platform will be reused for Oda. Production on Oselvar will be shut down in 2017 or 2018.
Oil from Oda will be exported to Ekofisk and onward via Norpipe to the Teesside terminal in the UK. Produced gas will be injected in the Ula reservoir to improve oil recovery.
Oda’s recoverable reserves are estimated at 48 million boe, of which 95% is oil. Peak production is expected at 35,000 boe/d.
Centrica is operator for Oda with 40% interest. Partners are Suncor Energy Norge AS 30%, Faroe Petroleum PLC 15%, and Tullow Oil Norge AS 15%.