Plan for development and operation for Nova approved
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.
Spirit Energy and its joint venture partners today submitted the Plan for Development and Operations (PDO) for the Nova field to the Norwegian Ministry of Petroleum and Energy.
Nova will be developed as a subsea tie-back connecting two templates to the nearby 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.
Dag Omre, Managing Director of Spirit Energy Norway, said: “Using existing infrastructure paves the way for an economically robust development solution. Nova fits well with our project portfolio, where we have a good mix of operated and partner operated developments.”
The total development investment for Nova is estimated at around 9.9 billion Norwegian kroner (approximately £900 million). Recoverable reserves are estimated to be around 80 million barrels of oil equivalent, of which the majority is oil.
Nova was discovered in 2012 and is located in the northeastern Norwegian North Sea, approximately 20 kilometres southwest of the Neptune-operated Gjøa platform and about 120 kilometers northwest of Bergen.
The Nova field is principally located in production license PL 418. Wintershall Norge AS (operator) owns 35%, Spirit Energy 20%, Capricorn Norge AS (part of Cairn Energy PLC) 20%, Edison Norge AS 15% and DEA Norge AS 10%.