Vår Energi plans subsea project for Barents Sea oil discovery 

Developing these resources through subsea infrastructure will also support the production and operation of the Sevan cylindrical FPSO, which has been operating over the Goliat field, 50 km west of Hammerfest, since 2016.

Oil is exported from the FPSO using shuttle tankers, while associated gas and water are reinjected for reservoir support.

According to Norwegian authorities, there are plans to lay a gas pipeline from the FPSO to the Snohvit subsea gas and condensate production infrastructure and onwards to the Hammerfest LNG production and export plant.

“This [well test] achievement strengthens our confidence in the potential of the Goliat Ridge discovery, and we see an opportunity to unlock significant additional resources as tie-back projects to Goliat,” said Vår Energi chief operating officer Torger Rød.

More drilling is planned in the area, as Vår Energi said additional prospective resources in Goliat Ridge are more than 200M boe.

The company was recently awarded an adjacent licence to the Goliat FPSO, which offers additional prospectivity on trend with the Goliat Ridge discovery.

This was part of Norway’s 2025 Awards in Predefined Areas (APA) covering mature areas of its hydrocarbon basins. During this APA, Vår Energi was awarded 14 new production licences, four in the Barents Sea, six in the Norwegian Sea and four in the North Sea.

Most of the licences are close to existing infrastructure, which can support further tie-backs and prolong the production life of existing assets.

“Continued access to new exploration acreage is essential to maintaining our long-term position as a reliable supplier of energy in an increasingly uncertain world,” said Mr Rød. “We are building a diversified portfolio and further strengthening our position as a leading operator,” he said.

“All awarded licences support our long-term growth strategy and ensure continuity in maturing opportunities and creating value.”