Centrica plans to sanction its $650million Oda field in the Norwegian sector of the North Sea later this year, a news report said today.
“We hope to be able to submit a plan of development to the ministry some time in December of this year,” Centrica Norway’s senior vice president Dag More said at a conference in Stavanger, Reuters reported.
The field will be tied-back to the Ula platform and is expected to have peak production of 35,000 barrels of oil a day.
Production is slated to start mid-2019.
Its partners on the project are Suncor Energy, Tullow Oil and Faroe Petroleum.