The British operator is targeting capital expenditure of between Nkr6 billion and Nkr 7 billion ($728 million to $849 million) on the North Sea field, which will be developed as a subsea tieback to the BP-operated Ula platform.
Butch is one of the few greenfield projects moving forward off Norway amid commercial pressures for operators due to low oil prices, with Centrica looking to submit a plan for development and operation in the fourth quarter.
It
