• 8 hours Did U.S. just start war with China? $60 Billion tariff package coming fast
  • 4 hours Surprise! Aramco Scraps International Listing Plans
  • 4 hours Self-Driving Cars' First Fatality
  • 4 hours The Facebook/Cambridge Analytica Scandal
  • 8 hours Goldman Sachs Expects Tesla to Miss Model 3 Targets Again
  • 2 hours API Inventory Data (Tuesdays)
  • 4 hours McDonald's Sets Greenhouse Gas Reduction Targets
  • 10 hours Flying Taxis In New Zealand - Very Soon?!
  • 5 hours Trump Bans Venezuelan National Cryptocurrency
  • 6 hours Why do Driller stocks move with the daily price of oil?
  • 7 hours Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 4 hours Why Is The EU Spending Billions On A Gas Pipeline If It Wants To Fight Climate Change?
  • 1 day Is Trump Harming Oil Industry?
  • 1 day Tillerson just sacked ... how will market react?
  • 41 mins Why Are Investors Ignoring China's Oil Giant?
  • 7 days Terminator plans to sue big oil for 'first degree murder'
Is Another Oil Price War Looming?

Is Another Oil Price War Looming?

Conventional wisdom says U.S. oil…

OPEC Doubles Down On Draining Oil Inventories

OPEC Doubles Down On Draining Oil Inventories

While the OPEC production cut…

Eni To Address Barents Sea Regulatory Breaches By Dec 11


Norway’s Petroleum Safety Authority ordered on Monday Eni Norge—the operator of the 100,000-bpd Goliat oil field in the Barents Sea—to present a plan by December 11 on how it will comply with the regulatory breaches at the Goliat FPSO platform that the authority has identified.  

On October 6, the Petroleum Safety Authority (PSA) ordered Eni Norge AS—the Norwegian unit of Italy’s major Eni SpA—to minimize the ignition threat posed by possible faulty Ex motors on the Goliat field, and said that “until the order has been complied with to the PSA’s satisfaction, all production from the Goliat floating production, storage and offloading (FPSO) unit must remain shut down.”

The order was the result of a September audit of electrical safety and the person in charge of the electrical facilities at Eni onboard the Goliat FPSO.

Back in early October, Eni was ordered to complete the systematic survey of potential ignition sources related to electric Ex motors, and implement the necessary technical, operational, and organizational measures to reduce as much as possible the threat of ignition from all faults which represent an ignition source.

“The above-mentioned activities must be implemented before production is resumed from the Goliat FPSO,” the Norwegian authority said.

In today’s order, the PSA said that Eni must present by December 11, 2017, a plan that will ensure the company will comply with the order, with the deadline for complying with the order set for March 1, 2018.

Related: OPEC Chairman: Output Cuts Are The ‘’Only Viable Option’’

Eni Norge holds a 65-percent stake and acts as operator of the Goliat field, while Norway’s Statoil holds the remaining 35 percent. Production at the field, estimated to hold around 180 million barrels of oil, started in March 2016.

Goliat has been offline several times after its start-up. One was in August 2016, when production was offline for a month before it resumed on September 27, 2016. Then production at Goliat had been halted on August 26 due to gas detection in an unwanted area during a planned venting of gas as part of a maintenance operation.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News