Norway: Eni Postpones Production Start-Up at Goliat Field

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.

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.

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 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.

Facts

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.

Press Release, August 13, 2012

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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