Nova is a conventional oil development located in deepwater in Norway and is operated by Wintershall Dea Norge. Discovered in 2012, Nova lies in block 35/8P (PL 418), 35/9P (PL 418), 35/12P (PL 378), and 35/9P (PL 418 B), with water depth of around 1,207 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2018. The development cost is expected to be $1,063 m. The Nova conventional oil development will involve the drilling of approximately six wells and includes semi-submersible, subsea manifold, and subsea trees.

Field participation details

The field is owned by BASF , Sval Energi , LetterOne Holdings , Centrica , ONE-Dyas and Stadtwerke Munchen.


Production from Nova

Production from the Nova conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 38,400 bpd of crude oil and condensate, 51 Mmcfd of natural gas and 3,110 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.


Remaining recoverable reserves

The field is expected to recover 100.68 Mmboe, comprised of 77.25 Mmbbl of crude oil & condensate, 103 bcf of natural gas reserves and 6.26 Mmbbl of natural gas liquid reserves.


Contractors involved in the Nova conventional oil field

Some of the key contractors involved in the Nova project as follows.

Design/FEED Engineering: Eni , Heerema International Group Services , Kongsberg Gruppen and Worley

Main EPC: Subsea 7 and Worley

Other Contractors: Aker Solutions , Eni, GMC Inspection Services, Heerema International Group Services and NOV

About Wintershall Dea Norge

Wintershall Dea Norge AS (Wintershall Norge), a subsidiary of Wintershall Holding GmbH is an oil and gas company that offers exploration, extraction, development and production of crude oil and natural gas. The company offers services such as drilling, wells operations, commercial technology, procurement, exploration, production operations, field development, and business development programs. Its oil and gas exploration projects comprise Maria, Aasta Hansteen, Skarfjell, Asterix, Syrah, Polarled, Murchison, Ivar Aasen, and others. Wintershall Norge also provides operation of subsea field projects. The company operates through its licenses on the Norwegian Continental Shelf. It has its operations in Stavanger, Kassel and Bergen, Norway. Wintershall Norge is headquartered in Stavanger, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.