The 9.9 billion NOK Nova project is currently in the execution phase after the plan for development and operation was approved in September 2018.
This presentation will explain how the chosen development solution will lead to a sustainable field and how the team has achieved significant cost
reduction. Nova will be developed as a subsea tie-back connecting two templates to Neptune Energy’s 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. The team judged
that utilizing the Gjøa facilities and other existing infrastructure would be the most sustainable and economically robust solution. It will save costs for
Wintershall and the partnership, extend the economic life-time of the existing infrastructure and allow for future tie-ins for new discoveries in the area.
The presentation will also focus on how Wintershall worked closely with suppliers in the FEED phase to take significant costs out of the project. This is
part of the project’s “One Team” approach to create value for the partners, host operator and suppliers. Through use of standard components, innovative
contracting and encouraging close collaboration between FEED suppliers, the project estimate was reduced by almost 50% between choice of development
solution and final investment decision.