By agreement with the partners in the Goliat licence, and due to the delay in the delivery of the production platform, Eni Norge has decided to postpone production start-up at the Goliat field until the third quarter of 2014.
When the Plan for development and operation (PDO) was submitted, the estimated start-up of the Goliat field was set to Q4 2013.
Most key project areas are progressing as planned. However, the development of the production platform facility has met challenges and increased complexity. These are mainly associated with technological innovations of the production facility.
Based on agreement in the Goliat licence the scheduled departure from the Hyundai Heavy Industries’ yard is postponed to end 2013/Q1 2014.
The progress of the other main activities for the development of Goliat will be maintained despite the delay of the production facility.
The expected cost increase, due to the postponing of the production start-up, is estimated to ca 2,5 billion NOK as a result of the delay.
Eni Norge has previously informed the Ministry of Petroleum and Energy of an increase of investment cost of ca 3,7 billion NOK. This is mainly linked to an increase in marked prices, longer delivery time for several equipment packages and increased process for raw materials due to heavy pressure in the supplier industry.
The investment cost for the Goliat development is now estimated to ca 36,7 billion NOK. The original development cost was estimated to 30,5 billion 2012 NOK.
Goliat will be the first oil field to come into production in the Barents Sea. Eni Norge is the operator of the field (65 %) with Statoil as its partner (35 %). According to plan, Goliat will produce 170 million barrels of oil over a period of 15 years.
The Goliat field development is based on large turnkey contracts (EPC) for the supply of subsea production systems, flowlines and risers, production facility, power cable to shore, modification of the power grid in the Hammerfest area and a state of the art offshore production facility, including the use of innovative technologies.
Lundin Norge AS has announced the discovery of an oil discovery south of the Edvard Grieg field in the North Sea, after concluding the drilling of wildcat well 16/4-6 S.
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Norwegian energy provider Statoil has reported a first quarter 2013 net operating income of NOK 38.0 billion, compared to NOK 57.9 billion in the first quarter of 2012. Adjusted earnings were NOK 42.4 billion, compared to NOK 59.2 billion in the first quarter of 2012.
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The Norwegian Government has presented a proposal to open for petroleum activity in new areas in the south-eastern Barents Sea.
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The National Congress of Prime Minister Jens Stoltenberg's Labour Party has voted yes to do a study that examines the effects of potential oil drilling in the Lofoten-Vesterålen area in the north of Norway.
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Norwegian energy provider Statoil and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence.
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Norwegian engineering firm Aker Solutions has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil.
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Norwegian energy provider Statoil and its partners have started production from the Vigdis North-East oil field located in the southern North Sea...
Aker Solutions has acquired Managed Pressure Operations International, Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling and managed pressure drilling systems.
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Final investments in oil and gas activity in 2012 - including pipeline transportation - were NOK 172.5 billion; 18 per cent higher than in 2011. The forecast for 2013 has been adjusted downwards to NOK 198.7 billion, according to Statistics Norway.
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This week, Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 so-called fast-track projects.
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