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Spirit Energy Gets Approval for Oda Field Start Up

Source: www.gulfoilandgas.com 1/7/2019, Location: Europe

The Norwegian authorities have approved the application for start-up of theOda field in the North Sea. Operator Spirit Energy expects start-up in February/March. Total investments for the development are estimated at NOK 5.5 billion.

Estimated reserves in the Oda field are 5.2 million standard cubic metres of oil equivalents (32.7 million bbls), of which 5 million Sm3 (31.5 million bbls) are oil.

Oda is a subsea development where the wellstream is sent on to the Ula platform for processing and transport.

The produced gas will be sold to the Ula licensees for use as injection gas for alternating water and gas injection (WAG) on the Ula field. The oil will be exported through Ula’s export pipeline via the Ekofisk field to the Teesside terminal in the UK. The seawater that will be used for water injection for pressure support on Oda will be delivered from the Ula platform.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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