par energy_isere » 27 oct. 2023, 22:30
Var Energi, Equinor Move Closer to FID for Goliat
by Rocky Teodoro|Rigzone Staff|Friday, October 27, 2023
Var Energi ASA and Equinor ASA have approved the concept selection for gas export from the Goliat field in the Barents Sea to the Snohvit pipeline and eventually to the Hammerfest LNG facility in Melkoya, Norway.
The two partners are moving towards a final investment decision, expected in the second half of 2024, Var Energi said in a news release Wednesday. Goliat is owned 65 percent by Var Energi as its operator, with the remaining 35 percent owned by Equinor. The field is located around 49.7 miles (80 kilometers) northwest of Hammerfest in Norway. Goliat was discovered in 2000, and plans for development and operation were approved in 2009, according to Var Energi. The field is developed with a floating production unit optimized to withstand cold and bad weather.
The gas from Goliat has been re-injected into the reservoir since the project started in 2016, Var Energi said. “To ensure optimal oil production in the future a solution for evacuation of gas from the reservoir is needed”, the company said, adding that this will contribute to extending the field’s lifetime.
“The Barents Sea is one of the key hub areas and value creators for Var Energi”, Var Energi COO Torger Rod said. “The region represents a major part of our future growth strategy. We are [the] operator for Goliat and have ownership in more than half of all the active licenses, a 30 percent share in Johan Castberg, and a 12 percent share in Snohvit to be included in the portfolio following the integration of Neptune Energy Norge. With this decision, we are one step closer to increasing the recovery from Goliat”.
“The Goliat gas export project is an important step to fulfill the Goliat PDO [plan for development and operation] requirements set by the Parliament”, Rod added. “It will contribute to making Goliat more attractive as a regional oil and gas hub for both Var Energi and our partner-operated licenses and to contribute to long-term local ripple effects, and secure employment and activity”.
The Goliat gas project is also “an important step in finding a wider area solution for increased gas export capacity from the Barents Sea”, currently being evaluated by state-owned Gassco, Var Energi noted. The company said it supports Gassco in the maturation of an area solution for gas export, while it continues to explore for further resources needed to substantiate increased overall gas export capacity. The project will contribute to positioning Goliat as an area hub for oil and gas resources from discoveries and prospects nearby, Var Energi added.
https://www.rigzone.com/news/var_energi ... 3-article/
[quote][b][size=120]Var Energi, Equinor Move Closer to FID for Goliat[/size][/b]
by Rocky Teodoro|Rigzone Staff|Friday, October 27, 2023
[b]Var Energi ASA and Equinor ASA have approved the concept selection for gas export from the Goliat field in the Barents Sea to the Snohvit pipeline and eventually to the Hammerfest LNG facility in Melkoya, Norway.[/b]
The two partners are moving towards a final investment decision, expected in the second half of 2024, Var Energi said in a news release Wednesday. Goliat is owned 65 percent by Var Energi as its operator, with the remaining 35 percent owned by Equinor. The field is located around 49.7 miles (80 kilometers) northwest of Hammerfest in Norway. Goliat was discovered in 2000, and plans for development and operation were approved in 2009, according to Var Energi. The field is developed with a floating production unit optimized to withstand cold and bad weather.
The gas from Goliat has been re-injected into the reservoir since the project started in 2016, Var Energi said. “To ensure optimal oil production in the future a solution for evacuation of gas from the reservoir is needed”, the company said, adding that this will contribute to extending the field’s lifetime.
“The Barents Sea is one of the key hub areas and value creators for Var Energi”, Var Energi COO Torger Rod said. “The region represents a major part of our future growth strategy. We are [the] operator for Goliat and have ownership in more than half of all the active licenses, a 30 percent share in Johan Castberg, and a 12 percent share in Snohvit to be included in the portfolio following the integration of Neptune Energy Norge. With this decision, we are one step closer to increasing the recovery from Goliat”.
“The Goliat gas export project is an important step to fulfill the Goliat PDO [plan for development and operation] requirements set by the Parliament”, Rod added. “It will contribute to making Goliat more attractive as a regional oil and gas hub for both Var Energi and our partner-operated licenses and to contribute to long-term local ripple effects, and secure employment and activity”.
The Goliat gas project is also “an important step in finding a wider area solution for increased gas export capacity from the Barents Sea”, currently being evaluated by state-owned Gassco, Var Energi noted. The company said it supports Gassco in the maturation of an area solution for gas export, while it continues to explore for further resources needed to substantiate increased overall gas export capacity. The project will contribute to positioning Goliat as an area hub for oil and gas resources from discoveries and prospects nearby, Var Energi added.
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https://www.rigzone.com/news/var_energi_equinor_move_closer_to_fid_for_goliat-27-oct-2023-174493-article/