Fossil Energy – Goliat Gas Export
Vår Energi has submitted an amended Plan for Development and Operation (PDO) for the Goliat Gas Export (GGE) project to the Ministry of Petroleum and Energy in Norway together with our partner Equinor.
The project is expected to increase oil production from the Goliat field in the Barents Sea through optimised reservoir management following the production of the gas reserves, currently being re-injected into the reservoir.
This is an effective, value creating project with significant upside. The project expands the infrastructure in the Barents Sea and unlocks future developments. Importantly, it extends the operational life of the Goliat field by approximately ten years, to around 2050, thereby strengthening the long-term security of energy supply to Europe.
