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.
Production from Goliat
The Goliat conventional oil field recovered 52.68% 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 89.87 Mmboe, comprised of 89.87 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 ASA (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.
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.