Nova PDO approved for development

Nova projects has received approval by the Ministry of Petroleum and Energy for the plan for development and operation (PDO) for its development, about 120 kilometers northwest of Bergen, Norway. Edison Norge AS is part of the joint Venture who submitted the PDO to the Ministry on May 16, 2018. The approved development solution for the Nova field involves two subsea templates located on the ocean floor tied back to the nearby Gjøa platform, operated by Neptune Energy. Field development continues towards first oil in 2021.