Goliat planning under scrutiny

The Norwegian Petroleum Directorate (NPD) says it is monitoring closely Eni's Goliat field development planning.

Offshore staff

OSLO, Norway --The Norwegian Petroleum Directorate (NPD) says it is monitoring closely Eni's Goliat field development planning.

Goliat likely will be the first oilfield project in the Barents Sea, but NPD says certain issue need to be resolved. These include whether an FPSO or platform should be installed on the field, and whether Goliat's unprocessed well stream should be sent to a land-based terminal.

NPD has formed its own team of geologists, reservoir engineers, technicians, and economists for this project. One concern is Goliat's impact on possible future projects, as there are other oil discoveries in the area. Another issue is whether the field development should be powered by electricity from land.

Also, NPD points out, seven new exploration wells are being lined up in various parts of the Barents Sea. The results of these wells could affect the area's resource potential, it adds, and potentially provide new guidance as to how these hydrocarbons could be best produced.

01/09/2008

More in Production