History will mark Goliat project as a “success”,says Eni director
A director at Eni said its Goliat oilfield project could still be profitable even below $50 a barrel oil.
A director at Eni said its Goliat oilfield project could still be profitable even below $50 a barrel oil.
Eni confirmed it had successfully started production on its landmark Goliat oilfield, two years after its initial first oil target day.
Eni has postponed start-up from the Goliat field once again.
Norway's Petroleum Safety Authority has issued orders to Eni Norge following an audit of logistics and employee participation on the Goliat FPSO.
Eni said It will start-up production from the Goliat field this month.
Eni has been given approval from the Norwegian Environment Agency to start oil production from the Goliat field in the Barents Sea.
Eni has been given conditional consent to start using its Goliat FPSO (floating, production, storage and offloading) vessel by the Norwegian Petroleum Safety Authority.
The Norwegian Petroleum Safety Authority (PSA) has found a number of regulatory violations on board the newbuild production unit for the Goliat field development. The safety body made the findings after an audit of electrical installations on the unit for the project run by Eni in the Barents Sea.
Last month’s arrival of the Goliat floating production unit in Norwegian waters on the back of a Dockwise heavy lift ship is a milestone for a project that is running around two years behind schedule and massively over budget ... at least 50%. It had been expected onstream late 2013, then this slipped into 2014 and now it is supposed to be later this year, fully 15 years since the oilfield was discovered in 2000. Goliat is located on production licence 229, which was awarded in the Barents Sea Round in 1997. The licensing round was initiated by the authorities in order to promote interest in the Barents Sea as an oil & gas region.