Ula is an offshore oil field located in the southern Norwegian section of North Sea along with Gyda, Tambar and Tambar East fields making up the UGT area, usually attributed to DONG Energy's main areas of exploration and production activity.[2]
The Ula field was discovered in 1976 and came online in October 1986.[3] It contains confirmed 69.98 million m3 of oil and 2.5 million of NGL.[1]
Ownership
AkerBP is the operator of the field with 80% of interest in the project. AkerBP's partner DONG Energy holds 20% of interest.[3] DONG Energy increased its initial share of 5% to 20% by acquiring Svenska Petroleum's complete share of 15% for US$130 million in 2008.