en.Wedoany.com Reported - Norway's Vår Energi has submitted a revised development and operation plan for the Goliat gas export project in the Barents Sea to the relevant authorities. This plan, advanced in collaboration with Equinor, will enable the export of associated gas currently being re-injected into the reservoir. By optimizing reservoir management, it is expected to support higher oil production, with incremental output planned for sale from the project's start-up.

The gas will be transported via new subsea infrastructure, connecting the Goliat Floating Production, Storage, and Offloading (FPSO) unit to the Snøhvit system and the Hammerfest LNG plant. A gas banking arrangement will be utilized to process and sell the gas when capacity is available. The Goliat Gas Export Project aims to develop approximately 112 MMboe of proven and probable reserves. First production is expected in the third quarter of 2029, while the project is anticipated to extend the field's operational life by about 10 years, to around 2050.

The development scope includes the installation of a 12-kilometer gas export pipeline, subsea umbilicals, and a riser system, along with modifications to the Goliat FPSO to integrate the new infrastructure. Vår Energi stated that the project will also support future connection opportunities in the area, such as the Goliat Ridge development, and contribute to expanding the export infrastructure in the Barents Sea.

The total project investment is estimated at around $360 million (gross), with economics aligning with the company's objectives. The Goliat field is fully powered from shore, and the gas export project is not expected to generate additional CO2 emissions, reflecting its environmental friendliness.

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