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Vår Energi / Operations / Our key hubs / Barents Sea / Barents hub key assets

The Goliat field

Goliat-feltet i Barentshavet. Oljefelt med produksjon i det nordligste området på norsk sokkel

The Goliat field is located in the Barents Sea, and is the very first producing oil field in the northernmost area of ​​the Norwegian continental shelf. The field is opertated by Vår Energi and has one of the world’s largest and most advanced production units (FPSO) with permanent mooring.

There are many projects that have been initiated to increase production and recovery, as well as extend the lifetime of the installation. This includes drilling new wells and infrastructure development.

Successful exploration

In 2023, Vår Energi confirmed the discovery of oil in the operated Countach well in the Goliat licence. The well was drilled approximately 13 kilometers north-east of the Goliat field.

The latest Zagato discovery in February 2025 further reinforces Vår Energi’s position as the leading exploration company in the area.

It is planned to drill several exploration wells near Countach and Goliat with the aim of connecting these resources back to Goliat.

Fast facts
Fast facts

Johan Castberg

The field development concept includes a production vessel and an extensive subsea development, with a total of 30 wells distributed across 10 subsea templates and two satellite structures.

The production vessel is a FPSO with subsea solutions. The expected recoverable resources are estimated at 450—650 million barrels of oil equivalent. The production started in March 2025.

Johan Castberg is a major subsea field and is important for potential further development and infrastructure in the Barents Sea.

New volumes have been discovered in the area. Five more discoveries are being considered tied in to Johan Castberg.

The Castberg partnership is planning for further exploration in the areas around the field in the years to come.

Snøhvit

Snøhvit is a subsea gas and condensate field northwest of Hammerfest in northern Norway. Hammerfest LNG is a land plant on Melkøya that receives and processes the natural gas from Snøhvit through a 143 km long pipeline.

A total of 16 wells have been drilled on the Snøhvit field, 14 producers and two wells for re-injection of CO2. Approximately 700,000 tonnes of carbon dioxide (CO2) are captured and stored each year.

In May 2023, the authorities approved the Snøhvit Future Project, which includes the installation of a compression module on land and the electrification of the Melkøya facilities.

The project is well under way with expected completion in Q2 2028. The compression will help to maintain the production plateau from existing wells, while the electrification will reduce CO2 emissions in the order of 800,000 tonnes per year by closing the gas power plant.    

Fast facts