Aker BP revealed Monday it was set to acquire Tullow’s stakes in eight licences, subject to regulatory approval, including a 15% share in the Centrica Energy-operated PL 405 which contains the Oda discovery.
Oda, which was previously known as Butch, has been estimated to contain 43 million barrels of oil equivalent and the development concept for the field involves a tie-in to the Ula field which lies roughly 12 kilometres away.
The
