The useful resource estimates on Goliat continues to extend. Vår Energi AS has along with license accomplice Equinor accomplished an appraisal in PL 229 within the Barents Sea by way of the profitable drilling of the 7122/7-7 S Goliat West appraisal properly.

The appraisal properly 7122/7-7 S is situated about 1.2 mi (2 km) south of the Goliat FPSO and 49.7 (80 km) northwest of Hammerfest, within the southern Hammerfest Basin. The properly was spud on Nov. 28, 2018 in a water depth of 1,243 ft (379 m) with the West Hercules semi-submersible drilling rig. The Goliat West properly was drilled in an untested fault compartment westward of the sector to show extra assets.

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The goal of the properly was the Lower Jurassic/Upper Triassic reservoir sandstones of the Tubåen and Fruholmen formation within the Realgrunnen sub-group. The properly was drilled to a vertical depth of three,937 ft (1,240 m) under sea degree, and reached TD within the Upper Triassic Snadd Formation. Two ranges of hydrocarbon bearing sandstones had been encountered within the Realgrunnen sub-group at unique strain and hydraulically separated from one another. The accumulation is separated from the primary Goliat Field.

The Tubåen Reservoir is about 32 ft (10 m) thick and has been encountered fuel and oil bearing with glorious reservoir properties; the hydrocarbon column within the Tubaen Formation is estimated to vary between 59 ft to 196.eight ft (18m to 60m). The Lower Reservoir has been discovered oil-bearing and consists of a number of sandstone layers with good reservoir properties and a minimal hydrocarbon column of 114.eight ft (35 m). Extensive knowledge assortment and fluid sampling was carried out in all of the targets. The properly has been completely plugged and deserted.

Recoverable assets are estimated to be four.four MMboe – 13.eight MMboe (zero.7 MMscme to 2.2 MMscme). Total volumes in place are estimated to be between 13 MMbbl to 44 MMbbl (2 MMscm and seven MMscm).

Resource estimates for Goliat earlier than the drilling of the properly had already elevated to 198 MMbbl of oil (31.5 MMscme), from 176 Mbbl (28.zero MMscm) on the time of the PDO. Goliat West will additional improve the useful resource estimates on Goliat.

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  • Goliat is the primary infrastructure for oil manufacturing within the Barents Sea and is of strategic significance for additional growth of the area. The historical past of the Norwegian continental shelf demonstrates that growth of smaller discoveries are progressed as soon as infrastructure is in place, says Kristin Kragseth, CEO in Vår Energi. The Goliat West discovery will add to the profitability of Goliat and offers proof for the long run potential for this a part of the Barents Sea. I’m more than happy that we are able to begin the yr on this method for Vår Energi and that our close to discipline exploration technique for the Goliat space is paying off, says Kragseth.
  • The Goliat West appraisal properly is a profitable end result of Vår Energi’s close to discipline exploration technique, which can allow a fast-track growth of incremental reserves by way of a subsea tieback to the Goliat FPSO, growing the oil restoration within the space and increasing the manufacturing horizon for the Goliat discipline, says Denis Palermo, VP Exploration in Vår Energi.
  • This will profit not solely Vår Energi and our shareholders, but additionally the Norwegian society and the Hammerfest area particularly”, concludes Kragseth.
  • Vår Energi operates PL 229 and the oil producing Goliat discipline with an curiosity of 65 per cent, along with Equinor Energy AS as accomplice.

Source: www.worldoil.com

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