Submitted PDO for Nova field

Edison Norge has together with its partners Wintershall as operator and Capricorn, Spirit Energy and DEA submitted the Plan for Development and Operation for North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy Terje Søviknes today the 16th of May. It is the first PDO on the Norwegian Continental Shelf submitted in 2018.

Nova will be developed as a subsea tie-back connecting two templates to the nearby Gjøa platform for processing and export. Gjøa will also provide lift gas to the field and water injection for pressure support. Power for the Nova field comes via the Gjøa platform from shore.

Total investments (CAPEX) in the Nova development are estimated at around NOK 9.9 billion. Recoverable reserves on the field are estimated around 80 million barrels of oil equivalent (boe), of which the majority is oil. Pending final approval by the Norwegian authorities, the license partnership now enters the execution phase of the development, constructing the field ahead of planned start up in 2021.

Nova 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 Nova field is principally located in production license PL 418. Wintershall Norge AS (operator) owns 35 percent, Capricorn Norge AS (part of Cairn Energy PLC) 20 percent, Spirit Energy 20 percent, Edison Norge AS 15 percent and DEA Norge AS 10 percent.

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