Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Press release

Okea: First oil at the Nova field development

OKEA

About Nova

Nova is located in the Norwegian North Sea, about 120 kilometres northwest of Bergen and approximately 17 kilometres southwest of Gjøa. The water depth is around 370 metres. The Nova field development consists of two subsea templates, one with three oil producers and one with three water injectors, tied back to the Gjøa platform. Gjøa is powered via hydropower from the Norwegian mainland which minimises the carbon-intensity of Nova.

The expected recoverable gross reserves from the field are estimated to 90 million barrels of oil equivalent (boe), of which the majority is oil.

Oil from Nova will be transported via Gjøa through the Troll Oil Pipeline II to Mongstad in Norway, associated gas will be exported via the Far North Liquids and Associated Gas System (FLAGS) pipeline to St Fergus in the UK, supplying the European energy market.

Wintershall Dea Norge AS is operator of the Nova field with a 45% share. Sval Energi AS also has a 45% share and Pandion Energy Norge owns 10%.  Following completion of the transaction with OKEA, Wintershall Dea's share will be reduced to 39%.

For further information, please contact

CFO Birte Norheim, +47 952 93 321

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian Continental Shelf (NCS). OKEA finds value where others divest and has an ambitious strategy built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA). More information at www.okea.no

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.