Title: Var Energi Announces Oil Discovery Near Goliat Field
Var Energi has announced an oil discovery in the Zagato North prospect. This new find is situated near the company’s existing Goliat field. Preliminary estimates indicate gross recoverable resources of up to three million barrels of oil equivalent.
Discovery Location and Scope
The Zagato North prospect lies geographically close to the Goliat field. This strategic proximity could offer potential synergies for future development. The company confirmed the presence of hydrocarbons following exploration activities.
Resource Estimates Detailed
Var Energi has provided an initial assessment of the discovery’s potential. They estimate the gross recoverable resources at a maximum of three million barrels of oil equivalent. This figure represents a notable addition to the company’s resource base.
Strategic Implications Near Goliat
Being near the Goliat field presents several advantages. For instance, operators can potentially utilize existing infrastructure. This might consequently streamline development and reduce overall costs. Connecting new finds to established facilities often accelerates production timelines.
Var Energi’s Operations
Var Energi operates as a prominent exploration and production company. The firm focuses its activities primarily on the Norwegian Continental Shelf. Discoveries like Zagato North contribute to its ongoing portfolio expansion efforts.
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