Fossil Energy – Gas Discovery
Norway’s Vaar Energi said today it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group’s long-term plans to expand in the area.
“This is the largest discovery on the (Norwegian continental) shelf this year and comes as a Christmas gift,” Vaar exploration manager Alessandro Barberis said in a statement.
Preliminary estimates place the size of the gas discovery between 57 million and 132 million barrels of recoverable oil equivalents, or 9 million to 21 million standard cubic metres.
