Norway is facing a major expansion of the country's oil industry, as the Nova field will now be developed for production. The operator on the field is German oil and gas company Wintershall, while Capricorn, Spirit Energy, Edison and Dea will be co-owners.
A total NOK 9.9 billion (EUR 1.3 billion) will be invested in the field, before beginning extraction of the approximately 80 million barrels of oil that the field is expected to contain.
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