Stavanger, 1 August 2022

The Nova oil field has started production. Sval Energi has a 45% owner share in the North Sea field, which will be an important contributor to Sval’s goal of producing 100,000 barrels of oil equivalent per day within 2023.

Nova is developed as a tieback to the nearby Gjøa platform, which is electrified with renewable power from shore.

CEO Nikolai Lyngø of Sval Energi said: “I’m pleased that Nova has started production. Our team has done a great job working together with the operator, licence partner and suppliers. Nova will be a pillar in our portfolio and is a good example of what we want to achieve from new fields; low-carbon production that meets the needs in the energy market.”

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 receives 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.

Production Licence 418 (Nova) consists of Sval Energi (45%), Wintershall Dea (45%, operator) and Pandion Energy Norge (10%).  

About Sval Energi 
Sval Energi is a privately owned Norwegian energy company. Backed by the leading energy investor HitecVision, Sval Energi is building a strong portfolio combining oil and gas resources with decarbonisation value chains. Recent transactions include acquiring Spirit Energy Norway and ownership in the Martin Linge and Ekofisk fields (the last two being subject to required approvals).

Quick facts:

  • 155 employees, main office in Stavanger, branch office in Oslo
  • Operator for two producing fields: Oda and Vale
  • Partner in eight producing fields and five developments
  • On course to reach a production of 100,000 barrels of oil equivalent per day in 2023
  • 67 licenses on the NCS (9 operated)


Contact:

Tom Gederø, VP Communications, Sval Energi
Mobile: (+47) 922 47 082
Email: tom.gedero@sval-energi.no