Goliat field
Encyclopedia
Goliat field is an offshore oil field
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...

 in the Norwegian sector of the Barents Sea
Barents Sea
The Barents Sea is a marginal sea of the Arctic Ocean, located north of Norway and Russia. Known in the Middle Ages as the Murman Sea, the sea takes its current name from the Dutch navigator Willem Barents...

. It is located 85 kilometres (52.8 mi) northwest of Hammerfest
Hammerfest
is a city and municipality in Finnmark county, Norway. The municipality encompasses parts of three islands: Kvaløya, Sørøya, and Seiland. Hammerfest was established as a municipality on 1 January 1838...

. The license owned by Eni Norge AS
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...

 (operator, 65%) and Statoil Petroleum AS
Statoil
Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...

 (35%). It was awarded in 1997. Oil was discovered in 2000. The field development concept was approved by the Government of Norway on 8 May 2009. The field will be developed by using Goliat FPSO, a floating production storage and offloading unit
Floating Production Storage and Offloading
A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...

.

Goliat field has two main formations (Kobbe and Realgrunnen) and two minor formations (Snadd and Klappmyss). Recoverable reserves are 174 Moilbbl. The production is expected to start in 2013 and will continue for 10–15 years. The associated gas will reinserted to increase oil recovery or will be transported to the processing plant at Melkøya.
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