Wintershall Dea and its partners Sval Energi and Pandion Energy Norge have started production from the Nova oil field (previously Skarfjell) located in the Norwegian North Sea.
The development costs of the Nova project were estimated at NOK9.9bn ($1.02 billion).
“As a subsea operator we are committed to making the most of the infrastructure that Norway has spent decades developing, as well as maintaining a low-carbon intensity portfolio while producing the energy that Europe needs.”
The Nova field, which is located in a water depth of nearly 370m (405 yards), was discovered in 2012.
The projected recoverable gross reserves from the offshore Norwegian field are 90 million barrels of oil equivalent (boe).
World production of oil in 2019 (pre Covid pandemic), was 94.9 million barrels per day.