Reduced production expected from Nova resulting in revised production outlook for 2023
Thursday 17 November 2022
OKEA ASA (“OKEA”) has been informed by Wintershall Dea Norge AS, the operator for the Nova field, that issues with the water injectors may limit production at the field until the end of 2023. There is no indication that these issues will impact recoverable reserves from the field.
Mainly as a result of this update, OKEA is reducing its production outlook for 2023 from 25,000-27,000 boepd to 22,000-25,000 boepd. Guiding on total volumes for 2022 is kept unchanged at 15,900-17,200 including compensation volumes as production from the assets acquired from Wintershall Dea earlier this year were excluded from the 2022 guiding.