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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.

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 Skarfjel

Transfer of stake

Edison Norge AS refers to the Statement of Accession for Nyhaman and Polarled joint ventures from CapeOmega - dated November 14, 2017 and Supplemental information on the same day regarding Edison Norge AS and CapeOmega AS – in which entered into an agreement (the “SPA”) on November 13, 2017 regarding the following transfer of stakes:

Skarfjell renamed NOVA

Skarfjell has been renamed Nova and it is an oil discovery located in the northeastern North Sea, around 16 kilometers south west of the Gjøa field.

Nova

The Nova (formerly known as Skarfjell) license partners (PL 418) decided in the MC on 31. January to selected the Gjøa field as tie-in host for the Nova discovery. The alternative solution was re-use of the Varg FPSO owned and operated by Teekay. Nova has now passed the DG2/ BOV decision and will start preparing the PDO to be submitted to the authorities within 16.February 2018.

Nova PDO approved for development

Submitted PDO for Nova field

Transfer of stake

Skarfjell renamed NOVA

Nova

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