Gulf Oil and Gas accountACCOUNT

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.

Investment News in Norway >>

Mexico >>  2/13/2019 - BHP has approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP, ...
Iraq >>  2/12/2019 - Iraq’s Basrah Gas Company will increase its capacity by 40 percent as part of an investment plan, Royal Dutch Shell said. ...

Oman >>  2/12/2019 - Under current market conditions and production assumptions, Tethys Oil expects its 2019 investments for the company’s existing operations on Blocks 3&...
Russia >>  2/12/2019 - SIBUR has decided to launch an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voro...

Romania >>  2/7/2019 - Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas Plus International B.V. ...
Russia >>  2/4/2019 - PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces...

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

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


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.