Partners in the Oda field, previously named Butch, located in the North Sea licence PL 405, have submitted its Plan for Development and Operation (PDO) to the Norwegian Ministry of Petroleum and Energy.
The Oda field was discovered in 2011, in the Norwegian North Sea, in shallow water approximately 13 kilometers east of the producing Ula field.
The proposed development will include a 4-slot seabed template with two production wells, and one water injection well, which will tie back to the Ula platform. Oil will be transported via the Norpipe system to the Teesside Terminal in the UK, while the gas will be sold at the platform to Ula for re-injection into the Ula reservoir to improve recovery.
This subsea tie-in will be reusing the existing Oselvar infrastructure from the Ula platform. Production from Oselvar will cease in order to allow Oda production to start and the Oselvar owners will be compensated accordingly, Faroe Petroleum explained.
The Oda partners, which include Centrica Norge (Operator 40%), Suncor Energy Norge (30%), Aker BP (15%) and Faroe Petroleum (15%) have worked over the last two years to reduce investment costs by over 40%. Expected investment has been reduced to around NOK 5.4 billion, with production scheduled to begin in 2019.
2P reserves from Oda are estimated to be 42 mmboe, of which 95% is oil and peak production is anticipated to be around 35,000 boepd.