Operator Wintershall Dea Norge estimates the reserves at about 14 million standard cubic metres of oil equivalent (90 million bbls o.e.).
The licence was awarded in APA 2007, while the discovery well was not drilled until 2012. The plan for development and operation was submitted in July 2018.
Wintershall Dea expects oil production to start up around 31 July. The water injection system will be completed in September. The production licence is 418.
"We're glad to see that Nova is ready for production to start. Nova will help utilise available capacity in existing infrastructure and ensure extended operation of the Gjøa platform, which is the only hub in the north-eastern part of the North Sea," says Kalmar Ildstad, the Norwegian Petroleum Directorate's Director of licence management.