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Wintershall submits $1.22 billion plan for Norway's Nova field

Wintershall submitted a PDO for the Nova oil field in the North Sea.

Wintershall submits $1.22 billion plan for Norway's Nova field Wintershall submits $1.22 billion plan for Norway's Nova field


Oslo, May 16 - Neftegaz.RU. Today, the licensees, led by operator Wintershall, submitted a plan for development and operation (PDO) for the Nova oil field in the North Sea.

 

It is the 1st PDO on the Norwegian Continental Shelf submitted in 2018. Development costs are estimated at $1.22 billion.

 

Nova – formerly Skarfjell –was discovered in 2012 and is situated in the northeastern North Sea approximately 20 kilometers southwest of the Neptune-operated Gjøa platform and about 120 kilometers northwest of Bergen. Located in the so-called Quadrant 35, Nova profits from this region’s rich infrastructure.

 

The plan is to start production in September 2021. The recoverable reserves are expected to be about 12.2 million standard cubic metres of oil equivalents (77 million barrels).

 

The development solution consists of 2 subsea templates with 3 production wells and 3 water injection wells. The field will be developed with the flexibility to accommodate one additional subsea template with 4 wells.

 

The licensees in Nova are Wintershall (operator 35 %), Spirit (20%), Capricorn (20%), Edison (15%) and DEA (10%).

 

Source : Neftegaz.RU