The objective of the well was to investigate the reservoir properties in the oil-bearing zones that are included in the approved field development plan. The well, drilled to a vertical depth of 6,535 feet (1,992 meters) in a water depth of 1,253 feet (382 meters), terminated in the Klappmyss formation in the Early Triassic.
Extensive data acquisition and sampling have been carried out. The data acquisition will provide valuable information for further well planning on the Goliat field, which is being developed, stated the operator in a press release. The well will be permanently plugged and abandoned.
The Goliat field is under development and is expected to commence production in 2013. Total development cost of Goliat is estimated at $5.2 billion. After start-up, production is expected to plateau at 100,000 barrels per day.
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