According to Reuters news agency Oslo January 7, the Norwegian Petroleum Authority (NPD) said on Monday that the reserves of Norway’s Oda oilfield, operated by Spirit Energy, had been reduced by 30%.
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The oil field is expected to start operation in February or March, with an estimated reserves of 33 million barrels of oil equivalent, lower than the 48 million barrels estimated in the development plan submitted to Norwegian authorities by the major shareholder Centrica in 2016.
Centrica owns 69% of Spirit Energy, while Stadtwerke Muenchen in Germany owns the remaining 31%.
NPD spokesman said this was the latest estimate and operators were continuing to assess the size of reserves.
Located in the southern part of the Norwegian North Sea block, the field will be developed using a submarine backup facility connected to the Ula oilfield operated by Aker BP.
Partners under the Oda license include Aker BP, Suncor Energy and Faroe Oil, which plan to sell gas for injection in Ula and export oil to Teesside in the UK.
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