Sandnes, Norway, 4 December 2025: Vår Energi confirmsanoil discovery in the Goliat North exploration well, located close to the VårEnergi operated Goliat field in the Barents Sea.
The exploration well located five kilometres north of the Goliat fieldencountered hydrocarbons in the Realgrunnen and Kobbe formations. Estimatedgross recoverable resources encountered are up to 5 million barrels of oilequivalent (mmboe).
The Goliat North well forms an integral part of the Goliat Ridge appraisaldrilling programme. Vår Energi and partner Equinor will drill a total of fourwells in the Goliat Ridge, with the Zagato side track currently ongoing.Following completion of the appraisal programme the Company will assess theentire potential of Goliat Ridge utilising the extensive data acquisitioncombined with the newly acquired 3D seismic data.
Including the latest discovery, the Goliat Ridge is estimated to contain grossdiscovered resources of 39 to 108 mmboe and with additional prospectiveresources taking the total gross potential to up to 200 mmboe. A tie-back oftheGoliat Ridge discoveries to the nearby Goliat FPSO is being planned.
The partners in the licence are Vår Energi (operator, 65 %) and Equinor (35%).
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