German crude oil and natural gas producer Wintershall has submitted the Plan for Development and Operation (PDO) to the Norwegian Ministry of Petroleum and Energy for its North Sea Nova field.
A total of approximately Nkr9.9bn ($1.22bn) investment has been estimated for the Nova development. It is expected that the field has recoverable reserves of nearly 80 million barrels of oil equivalent, of which the majority is oil.
Wintershall Board of Executive Directors member Martin Bachmann said: “With the Nova investment decision, we demonstrate our commitment to Norway.
“We believe in Norway and we continue to invest in high-quality projects that will return value to us, our partners, our shareholders and the whole of Norwegian society.”
The company plans to develop the Nova field as a subsea tie-back that will connect two templates to the adjacent Gjøa platform for processing and export.
Gjøa is also set to deliver lift gas to the field and water injection for pressure support. The Gjøa platform provides power to the field from the shore.
Wintershall Norge managing director Hugo Dijkgraaf said: “As well as selecting the most economically robust solution for developing the Nova field, utilising existing infrastructure is the most environmentally friendly solution.”
While final approval from the Norwegian authorities is pending, the licence alliance now enters the execution phase of the Nova development.
Discovered in 2012, Nova is located in the north-eastern part of the North Sea, about 20km south-west of the Neptune-operated Gjøa platform and approximately 120km north-west of Bergen.