Name: Goliat Area
Brand: Wood Mackenzie
SKU: 7014
Price: 5280 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 18 June 2026

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Report summary

The Goliat field was the first oil discovery in the Norwegian Barents Sea. It is an oil and associated gas field located 50 kilometres southeast of the Snøhvit field on the eastern margin of the Hammerfest Basin. The development plan was approved in mid-2009 and production started in 2016. The field has been developed with subsea infrastructure tied back to the Sevan 1000 circular-hull FPSO. Gas export is expected to start in the early 2030s.

Summary
Key Issues
- Goliat gas export project sanctioned
- Infill drilling continues to optimise production
- Goliat Ridge discoveries being matured and gas resource upside
Unitisation
- Recent exploration activity
- Historical exploration activity
Emissions
- FPSO
- Drilling
- No new oil terminal
- Goliat Gas Export
Other information
Capital costs
- Goliat
- Gas Export Project
Decommissioning costs
Operating costs
- Transportation costs
- Power from shore
- Emission costs
Cash flow
Global Economic Model (GEM) File
Cash Flow
Cash Flow (US$ million)
1 more item(s)...