The Goliat field was officially inaugurated by Norway Minister of Petroleum and Energy, Tord Lien, on April, Monday 18, 2016.

Goliat is the first oil field to come on stream in the Barents Sea.

“This is a proud moment for everyone in Eni Norge. It is the culmination of years of hard work by many dedicated people. We are now entering into a new phase as operator on the Norwegian continental shelf. The start-up of production from Goliat is an important milestone in Eni’s growth strategy”, says Andreas Wulff, external communication manager.

Production at Goliat started in the evening of March 12, 2016, and was followed by a production ramp-up of all wells. Full re-injection of associated gas into the reservoir has started and re-injection of produced water in order to minimise environmental impact will soon begin.

Reportedly, with Goliat, eni Norge production will grow above 160,000 boed net to Eni.

The Goliat field is located 88 km north west of Hammerfest. Goliat is the world’s largest circular, floating, production, storage and offloading (FPSO ) unit. The platform is is powered from shore through a subsea electrical cable, which, at the time of construction, was the longest of its kind ever made. Power from shore reduces CO₂ emissions from Goliat by up to 50 per cent. This equals the emissions from 50 000 cars annually.

The platform has a production capacity of 100,000 barrels of oil per day and storage capacity of 950.000 barrels. Its estimated recoverable reserves are ca 180 million barrels of oil. Field life is currently estimated to 20 years, with significant upside already identified.