<\/span><\/h2>\nProduction from Goliat is carried out using a floating production, storage and offloading unit, or FPSO. The vessel serving the field differs from most installations of this kind. Rather than a conventional ship-shaped hull, it has a circular design intended to improve stability in the demanding conditions of the Barents Sea.<\/p>\n
The installation can produce up to 100,000 barrels of oil per day, while its tanks can store around one million barrels of crude. Greater storage capacity reduces the frequency with which oil must be collected by tankers, which matters both for operational safety and transport planning.<\/p>\n
According to ORLEN, the unit is powered by electricity supplied from shore, with more than 90% of that energy coming from renewable sources. The group states that emissions intensity associated with production at Goliat is around 2 kg of CO2 equivalent per barrel of oil equivalent. By comparison, the global average cited in the Offshore Norge Climate and Environmental Report 2025<\/em> is 16 kg CO2e per barrel.<\/p>\n<\/span>The Gas Potential of the Barents Sea<\/span><\/h2>\nGoliat is located in the southern Barents Sea. The area was opened to exploration by Norwegian authorities in the late 1970s, while also being subject to additional environmental restrictions.<\/p>\n
According to Norwegian administrative data, more than 9 billion barrels of oil equivalent of recoverable resources remain in the southern part of the basin. Around 55% of this potential consists of natural gas. The existing Goliat infrastructure could facilitate the development of further projects in the future, particularly gas-related projects.<\/p>\n
This is also important from the perspective of the European energy market. Norway remains one of the European Union\u2019s most important gas suppliers, while ORLEN\u2019s own interests in production projects on the Norwegian Continental Shelf are intended to strengthen Poland\u2019s security of supply.<\/p>\n
<\/span>How the Ownership Structure Will Change<\/span><\/h2>\nOnce the required administrative approval has been obtained, V\u00e5r Energi will remain the operator of the Goliat field with a 45% stake. Equinor will hold a further 35%, while ORLEN Upstream Norway will acquire 20%.<\/p>\n
For the ORLEN Group, the transaction forms part of its strategy to increase its own oil and gas production outside Poland. Expanding its portfolio of Norwegian assets is intended to reduce the group\u2019s dependence on commodity purchases on the market and increase its resilience to price volatility and geopolitical risk.<\/p>\n","protected":false},"excerpt":{"rendered":"
ORLEN Upstream Norway has signed an agreement with V\u00e5r Energi to acquire a 20% stake in five licences on the Norwegian Continental Shelf. The key element of the package is the producing Goliat field in the Barents Sea, together with proven resources in the nearby Goliat Ridge area. Completion of the transaction is still subject […]<\/p>\n","protected":false},"author":1,"featured_media":5740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"ORLEN is strengthening its upstream position in Norway with an agreement to acquire a 20% stake in five licences on the Norwegian Continental Shelf.\r\n\r\nThe key asset is the producing Goliat field in the Barents Sea, alongside the Goliat Ridge development area. The transaction is expected to add nearly **60 million barrels of oil equivalent** to ORLEN Upstream Norway\u2019s resource base and could triple output from the acquired assets to around **12,000 boe per day** by the end of the decade.\r\n\r\nFor ORLEN, the move supports a broader strategy of building its own oil and gas production capacity, strengthening supply security and reducing exposure to market volatility.\r\n\r\n#ORLEN #Norway #Energy #OilAndGas #EnergySecurity #BarentsSea #Upstream","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9,244],"tags":[2788,2767,4500,281,41,64,4677],"class_list":["post-5739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-companies","category-energy","tag-continental","tag-element","tag-ireneusz-fafara","tag-norway","tag-orlen","tag-poland","tag-wieslaw-prugar"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=5739"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/5740"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=5739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=5739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=5739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}