A large potential new oil fairway has opened up in Norway’s Barents Sea following a successful appraisal well on a satellite discovery at the Goliat oilfield.
The operator Vaar Energi said it has confirmed the potential of the “Goliat ridge” with the successful appraisal well on the Countach discovery.
The preliminary estimated gross recoverable resource in the appraisal well is between 4 million and 25 million barrels of oil equivalent, bringing the total estimated recoverable resource in the Countach field to between 10 million and 55 million boe.
New opportunities are now on the radar in the deeper section of the Goliat ridge between the Goliat field and the Countach discovery about 13 kilometres away.
Vaar said that, with joint venture partner Equinor, three more wells are planned this year with the potential for an additional gross recoverable volume of 100 million boe.
Those wells are called Zagato North, Zagato South and Goliat North.
To assist further development of the Goliat area, Vaar and Equinor are planning to acquire new 3D and 4D seismic during 2025.
“It is very encouraging to discover oil close to the Goliat infrastructure and we are excited about the potential additional opportunities presented in the Goliat ridge,” said Torger Rod, Vaar Energi’s chief operating officer.
“The potential to unlock significant additional resources is considerable, with the opportunity of being turned into high value barrels by utilising available production capacity at the Goliat facility.”
After completing work at the Countach appraisal, the Elgol exploration well is planned 17 kilometres north-east of Goliat.
Source: By Russell Searancke from upstreamonline.com