Operator Wintershall Dea Norge estimates the reserves at about 14 million standard cubic metres of oil equivalent (90 million bbls o.e.).
The licence was awarded in APA 2007, while the discovery well was not drilled until 2012. The plan for development and operation was submitted in July 2018.
Wintershall Dea expects oil production to start up around 31 July. The water injection system will be completed in September. The production licence is 418.
"We're glad to see that Nova is ready for production to start. Nova will help utilise available capacity in existing infrastructure and ensure extended operation of the Gjøa platform, which is the only hub in the north-eastern part of the North Sea," says Kalmar Ildstad, the Norwegian Petroleum Directorate's Director of licence management.
08/05/2024
The Ministry of Energy announced APA 2024 on 8 May 2024, encompassing the predefined areas with blocks in the Norwegian Sea, Norwegian Sea and Barents Sea.
06/05/2024
The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for the wells 7324/6-2 and 7324/8-4 in production license 1170, cf. Section 13 of the Resource Management Regulations.
30/04/2024
The Norwegian Ministry of Energy has received applications from eight companies in connection with the announcement of two areas in the North Sea for potential storage of CO2 on the Norwegian shelf.
29/04/2024
In a letter of 29 April, the Norwegian Offshore Directorate invited players to nominate blocks in connection with the first licensing round for mineral activities on the seabed.
29/04/2024
The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wells 35/10-14 S and 35/10-14 A in production license 1185, cf. Section 13 of the Resource Management Regulations.
22/04/2024
Equinor has completed an appraisal well (7324/7-4) on the Wisting discovery in the Barents Sea. The objective was to acquire data on the reservoir and cap rock, for use in ongoing evaluation and development of the discovery.
17/04/2024
In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024.
17/04/2024
The Johan Castberg ship will soon be heading north. With the ship in place, the plan is to have three producing fields in the Barents Sea by the end of the year.
17/04/2024
Vår Energi has made an oil discovery in "Ringhorne Nord" (wells 25/8-23 S and 25/8-23 A & B), north of the Ringhorne Øst field, 200 kilometres northwest of Stavanger.