Eni has started production from the Goliat field located in production licence 229, which is 85 kilometers northwest of Hammerfest in the Barents Sea offshore northern Norway.

Goliat is the first oil field to come on stream in the Barents Sea and is being developed using a floating cylindrical production and storage (FPSO) concept. The platform has a storage capacity of almost one million barrels.

The field will produce 100,000 barrels of oil per day (65,000 boed net to Eni). The field is estimated to contain about 180 million barrels of oil.

Production will be facilitated using a subsea system consisting of 22 wells (17 of which are already completed). There are twelve production wells, seven water injectors and three gas injectors. The Goliat field is supplied with hydro-generated electricity from the mainland by means of a subsea cable. This reduces CO2 emissions by 50% compared with other solutions.

The start-up of production from Goliat is an important milestone in Eni’s growth strategy and should make a significant contribution to the company’s cash flow.

Eni holds a 65% stake (as operator) in Production Licence 229. The Norwegian company Statoil holds the remaining 35%.