Barents Sea
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The new development is estimated to hold 46 million bbl of recoverable oil and is planned to start up in late 2028. -
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
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Less than 3 months after going onstream, the Barents Sea project, the northernmost production offshore Norway, is producing 220,000 B/D.
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The project is the most northern field offshore Norway to begin production.
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The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.
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The new areawide safety plan is a collaboration with Vår Energi and is expected to begin on 1 January.
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The field's massive FPSO is anchored in place and on schedule for first oil prior to year-end.
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Awards related to the 2024 APA round are expected to be announced in early 2025.
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Updates about global exploration and production activities and developments.
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The initial well is being reviewed along with other discoveries in the area for possible joint development.
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