Italy’s Eni said Wednesday that it expects to kick off oil production at the Goliat field in the offshore Arctic region of Norway within weeks.
According to Reuters, production at the Barents Sea field is projected to start in a few weeks after nearly two years of delays.
The company has not yet disclosed a more specific start up date.
According to Statoil, production is now projected to start sometime in the third quarter of 2015.
First oil was initially expected in 2013 but was pushed back due weather delays.
“We had some delays due to bad weather, but we are planning to start the production in a few weeks,” an Eni Norway spokesperson told Reuters.
The field is located in Blocks 7122 and 7123 in the Barents Sea, about 31 miles southeast of the Snoehvit natural gas field and about 52 miles northwest of Hammerfest.
Production at Goliat is projected to peak at about 34 million barrels of oil per year during the second year of production, Reuters noted.
The development plan for the field calls for 22 wells to be drilled from eight templates.
Goliat is being developed by the Sevan 1000 FPSO that has a production capacity of 100,000 barrels per day and a storage capacity of 1 million barrels.
Eni operates the field with a 65 percent stake.
Norway’s Staotil holds a 35 percent stake.