Environmental Statement Submitted for Pegasus West23 Nov, 2018
Spirit Energy has submitted its Environmental Statement for the Pegasus West development, bringing the field closer to sanction.Read More
The plan for development and operation (PDO) for the Nova field is now approved. Spirit Energy has a 20 percent ownership interest in the North Sea oil field.
The Norwegian Ministry of Petroleum and Energy has given the green light to the Nova partnership’s plans submitted in May this year. The Nova field will be developed as a subsea tie-back connecting two templates to the 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.
Arne Bjørlo, asset manager for development projects in Norway, said: “This is a smart development solution. Connecting Nova to the nearby Gjøa platform will both save costs and extend the economic life-time of the existing infrastructure.”
First oil in 2021
The Nova development investments are estimated at around 9.9 billion Norwegian kroner (approximately £925 million). Recoverable reserves are around 80 million barrels of oil equivalent, of which the majority is oil. Planned production start is in 2021.
Nova was discovered in 2012 and is located in the northeastern North Sea approximately 20 kilometers southwest of the Neptune Energy-operated Gjøa platform. Located in Quadrant 35, Nova profits from this region’s rich infrastructure. The Nova field is principally located in production license PL 418.
Spirit Energy owns 20% of Nova. The remaining partners are Wintershall Norge AS (operator, 35%), Capricorn Norge AS (20%), Edison Norge AS (15%) and DEA Norge AS (10%).