An appraisal properly has confirmed Vår Energi ASA’ Zagato oil discovery within the Goliat space on Norway’s aspect of the North Sea, with preliminary estimated recoverable assets of 21-25 million barrels of oil equal (MMboe), the Norwegian Offshore Directorate (NOD) mentioned.
That’s equal to three.3-11.9 million customary cubic meters of oil equal (MMscmoe), up from the earlier estimate of two.8-10.1 MMscmoe earlier than appraisal properly 7122/8-3 A was drilled, the upstream regulator mentioned in a press launch.
The most recent goal represents the 14th exploration properly drilled in manufacturing license 229, awarded below the Barents Sea Mission in 1997, the NOD famous.
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Var Energi mentioned individually, “The newest properly examined two intervals with every exhibiting most move charges of greater than 4,000 barrels of oil per day, confirming reservoir high quality”.
“The manufacturing assessments confirmed good high quality reservoirs and oil high quality much like the Goliat subject”, Vår Energi mentioned. Goliat, found 2000, began producing 2016 and expanded with the startup of the Snadd and Goliat West accumulations in 2017 and 2021 respectively, in line with subject data on authorities web site Norskpetroleum.no.
Operator Vår Energi (65 %) and accomplice Equinor ASA (35 %) have now drilled 5 wells within the Goliat Ridge, Vår Energi famous. “Together with the most recent properly, the Goliat Ridge is estimated to comprise gross found recoverable assets of 35-138 MMboe, and with extra potential assets taking the entire gross potential to over 200 MMboe”, it mentioned.
“A tie-back to the close by Goliat FPSO [floating production, storage and offloading vessel] is being deliberate, concentrating on first manufacturing in 2019.
“Vår Energi was lately awarded an adjoining license to the Goliat subject within the 2025 Awards in Predefined Areas, which presents extra prospectivity on pattern with the Goliat Ridge discovery”.
Norskpetroleum.no says plans for Goliat embrace a connection to the Equinor-operated fuel liquefaction facility on Melkøya island.
“The current discoveries reinforce Vår Energi’s place as a number one exploration firm on the Norwegian continental shelf and proceed to strengthen our means to maintain high-value manufacturing of 350,000-400,000 boe per day past 2030”, mentioned Vår Energi chief working officer Torger Rød.
New Equinor Discovery
The NOD introduced a separate discovery on Monday within the Equinor-operated manufacturing license 124 B within the Norwegian Sea.
Preliminary estimates for the Othello South prospect or wildcat properly 6507/8-12 S, 4 kilometers (2.49 miles) north of Equinor’s producing Heidrun subject, point out 0.95-12.6 MMboe of recoverable assets, the NOD mentioned.
“The licensees will assess the invention with a view towards additional growing the northern a part of the Heidrun subject”, it mentioned.
The invention is the primary exploration properly drilled in license 124 B, carved out of manufacturing license 124 in 2024, in line with the NOD.
Equinor operates 124 B with a 25.69 % stake. ConocoPhillips has 27.91 %. Norway’s state-owned Petoro AS owns 36.4 %. Vår Energi holds 10 %.
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