Nova is located in the Norwegian North Sea, about 120 kilometres northwest of Bergen and approximately 17 kilometres southwest of Gjøa. The water depth is around 370 metres. The Nova field development consists of two subsea templates, one with three oil producers and one with three water injectors, tied back to the Gjøa platform. Gjøa is powered via hydropower from the Norwegian mainland which minimises the carbon-intensity of Nova.
The expected recoverable gross reserves from the field are estimated to 90 million barrels of oil equivalent (boe), of which the majority is oil.
Oil from Nova will be transported via Gjøa through the Troll Oil Pipeline II to Mongstad in Norway, associated gas will be exported via the Far North Liquids and Associated Gas System (FLAGS) pipeline to St Fergus in the UK, supplying the European energy market.
Wintershall Dea Norge AS is operator of the Nova field with a 45% share. Sval Energi AS also has a 45% share and Pandion Energy Norge owns 10%. Following completion of the transaction with OKEA, Wintershall Dea’s share will be reduced to 39%.
For further information, please contact
CFO Birte Norheim, +47 952 93 321
OKEA ASA is a leading mid- to late-life operator on the Norwegian Continental Shelf (NCS). OKEA finds value where others divest and has an ambitious strategy built on growth, value creation and capital discipline.
OKEA is listed on the Oslo Stock Exchange (OSE: OKEA). More information at www.okea.no