V锟絩 Energi (OSE: VAR, "the Company") announces the completion of the appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.
The well was drilled approximately seven kilometers northeast of the V锟絩 Energi operated Goliat field. The production tests confirmed good quality reservoirs and oil quality similar to the Goliat field.
The latest well tested two intervals with
each showing maximum flow rates of more than 4000 barrels of oil per day, confirming reservoir quality.
V锟絩 Energi COO, Torger R锟絛 said:
This 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. The recent discoveries reinforce V锟絩 Energi's
position as a leading exploration company on the Norwegian Continental Shelf (NCS) and continue to strengthen our ability to sustain high value production of 350-400 thousand barrels of oil equivalents per day beyond 2030.
V锟絩 Energi and licence partner Equinor have drilled a total of five wells and one side track in the area. Including the latest well, the Goliat Ridge is estimated to contain gross discovered recoverable resources of 35 to 138 million barrels of oil equivalents (mmboe), and with additional prospective
resources taking the total gross potential to over 200 mmboe.
A tie-back to the nearby Goliat FPSO is being planned, targeting first production in 2029.
V锟絩 Energi was recently awarded an adjacent licence to the Goliat field in the 2025 Awards in Predefined Areas (APA), which offers additional prospectivity on trend with the Goliat Ridge discovery.