Pandion Energy is pleased to announce first oil at the Nova field in the North Sea. The Nova field has been developed with two subsea templates tied back to the Gjøa semi-submersible production and processing unit. By using existing infrastructure operated with hydro power from shore, the resources at Nova will be extracted with minimum impact on the environment.

CEO Jan Christian Ellefsen of Pandion Energy comments:

“Nova on stream is an important milestone for Pandion Energy as this will more than double our daily production when at peak – a big thanks to all involved for getting us to this stage! We now look forward to work closely with the operator and partners to further enhance production and value creation from the Nova field. I’m also very pleased to see that we’re able to continue delivering profitable growth while remaining loyal to our Net Zero Carbon strategy. Together with the existing production from Valhall & Hod, we will have among the lowest CO2 intensity levels on the Norwegian Continental Shelf.”

The Nova field (previously Skarfjell) was discovered in 2012 and the plan for development and operation (PDO) was approved in 2018. Pandion Energy entered the project through the acquisition of ONE-Dyas Norge AS, which was announced in March this year and completed at the end of June.

About Nova

Nova is located in the North Sea, about 120 kilometres northwest of Bergen and approximately 17 kilometres southwest of the host platform Gjøa. The field is developed with two subsea templates and a total of six wells; three producers and three water injectors. The host platform will provide gas lift and water injection to the field and receive the Nova hydrocarbons.

The Nova oil will be transported via Gjøa through the Troll Oil Pipeline II to Mongstad, 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.

The Nova partnership consists of Wintershall Dea (45% participating interest and operator), Sval Energi (45%) and Pandion Energy Norge (10%). In May this year, Wintershall Dea announced that it had entered into agreement to sell a 6% participating interest in the Nova field to OKEA.

About Pandion Energy

Pandion Energy is an independent, full-cycle oil and gas company driving value by maturing resources to reserves in high quality assets on the Norwegian continental shelf.