Tullow Oil is said to be looking to exit the Norwegian Continental Shelf.
According to reports, the company has a stake in the Oda field.
However the company now wants to make a “quick exit” and is looking to sell its share in Oda.
A spokesman for Tullow Oil said the firm expects to be “out of the Norwegian Continental Shelf” before the development plan for Oda is submitted to authorities.
It comes after Statoil revealed earlier this month it had acquired Tullow Oil’s share in Wisting.
Oda is expected to be developed as a subsea connection to the Ula platform.
Production is planned for 2019, with average production expected to be around 35,000 barrels of oil equivalent per day.
Recommended for you
