16 Apr Vår Energi is securing higher production for longer from the Goliat field
(Oilandgaspress) -–Vår Energi ASA has submitted an amended Plan for Development and Operation (PDO) for the Goliat Gas Export (GGE) project to the Ministry of Energy, together with its partner Equinor.
The project is expected to increase oil production from the Goliat field in the Barents Sea through optimised reservoir management following the production of the gas reserves, currently being re-injected into the reservoir. The incremental oil will be sold from the start, while the gas will be exported to the Hammerfest LNG plant under a gas bank arrangement, agreed with Snøhvit, and sold when processing capacity is available.
The project is developing proved plus probable (2P) reserves of 112 million barrels of oil equivalent (mmboe) gross (73 mmboe net Vår Energi), of which approximately 15% is oil. The project is expected to come onstream in the third quarter of 2029.
Information Source: Read More
No Comments