Vår Energi, together with Equinor, has submitted a revised Plan for Development and Operation for the Goliat Gas Export project, aimed at increasing production at the Goliat field, located in the Barents Sea, by exporting gas that until now has been reinjected into the field.
Technical details of the project
The Goliat Gas Export project involves an estimated investment of $360 million and will extend the field’s service life by approximately ten years. Releasing the gas previously stored in the field will support greater crude oil extraction, increasing the marketable volume from the project’s early phases.
The extracted gas will be sent to the Hammerfest LNG plant, operated by Equinor, via a 12-kilometer export pipeline that will connect the Goliat FPSO to the Snøhvit pipeline, for sale when processing capacity is available.
Platform for future developments in the Barents Sea
In addition to the above, the infrastructure created by the project will be leveraged for future developments such as the Goliat Ridge field. In this way, Vår Energi strengthens its long-term growth strategy in the Arctic, positioning Goliat as a key energy hub.
Source: Energy Sources