North Sea explorer Spirit Energy has been given the green light from Norwegian Petroleum Directorate (NPD) to start up its first operated development in Norway.
Oda is a subsea development where the wellstream is sent on to the Ula platform for processing and transport.
Spirit Energy expects to start-up in February/March 2019. Other partners in the project are Aker BP, Faroe Petroleum, and Suncor Energy.
According to NPD notification, the total investments for the development are estimated at NOK 5.5 billion ($640.1 million).
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, it said.
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.