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November 24, 2021

Goliat Conventional Oil Field, Norway

By Carmen

Goliat is a producing conventional oil field located in deepwater in Norway and is operated by Var Energi. The field is located in block 7122/7P (PL 229), 7122/11P (PL 229 B), 7122/8P (PL 229), and 7122/10P (PL 229), with water depth of 1,269 feet.

Field participation details

The field is owned by Equinor, Eni and HitecVision.


Production from Goliat

The Goliat conventional oil field recovered 46.03% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 64.06 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 102.37 Mmboe, comprised of 102.37 Mmbbl of crude oil & condensate. Goliat conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


About Var Energi

Var Energi AS (Var Energi), formerly Eni Norge AS, is an oil and gas exploration and production company. It carries out the production and supply of crude oil and natural gas liquids (NGL). The company operates oil and gas fields, including Goliat, Marulk, Ringhorne, Jotun and Balder in the Norwegian Continental Shelf (NCS). Var Energi works in cooperation with Eni Trading & Shipping BV and Gassco AS to provide trading and transportation solutions for crude oil and NGL. The company has branch offices in Hammerfest and Oslo; Norway. Var Energi is headquartered in Sandnes, Stavanger, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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