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.
Ownership
AkerBP is the operator of the field with 80% of interest in the project. AkerBP's partner DONG Energy holds 20% of interest. 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. ==Production==
Production
Ula is located in approximately of water. The main reservoir stands at in the Upper Jurassic Ula Formation. Once complete, the oil from DONG-operated Oselvar field would be pumped away to Ula facilities for processing. ==See also==