Goliat is a producing conventional oil field located in deepwater in Norway and is operated by Var Energi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, 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 1,292 feet. Buy the profile here.
Field participation details
The field is owned by Eni, Equinor and HitecVision.
Production from Goliat
The Goliat conventional oil field recovered 58.59% 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 79.11 Mmboe, comprised of 79.11 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) 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.
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