OB:VAROil and Gas
Why Vår Energi (OB:VAR) Is Up 7.1% After Boosting Goliat Ridge Resource Estimates And Tie-Back Plan
Vår Energi recently completed an appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents Sea, confirming good reservoir and oil quality comparable to the nearby Goliat field and supporting a planned tie-back to the existing FPSO with first production targeted in 2029.
The latest well lifted total gross discovered recoverable resources in the Goliat Ridge area to an estimated 35–138 million barrels of oil equivalents, with total gross...