Norwegian authorities have approved the application for the start-up of the Oda field located in the North Sea, offshore Norway. Operator Spirit Energy expects to start-up in February/March 2019.
Other partners in the project are Aker BP, Faroe Petroleum, and Suncor Energy.
Total investments for the development are estimated at NOK 5.5 billion ($640.1 million), the Norwegian Petroleum Directorate (NPD) said on Monday.
Oda was discovered in 2011 and the plan for development and operation (PDO) was approved in May 2017. Estimated reserves in the Oda field are 5.2 million standard cubic meters of oil equivalents (32.7 million bbls), of which 5 million Sm3 (34.5 million bbls) are oil.
Oda will be developed with a subsea facility including two production wells tied-back to the Ula field and one injection well for pressure support.
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.
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has also given its consent to Spirit Energy to use the facilities on the Oda field. Namely, an operator must gain consent from the PSA at various milestones, including prior to a facility, or parts thereof, being put into use.