ENI & STATOIL: DELAY STARTAP
Italy's Eni SpA said Friday it and partner Statoil AS decided to further delay the startup of the Goliat oil field in the Barents Sea to mid-2015, following technical challenges and significant cost overruns.
Eni said the Goliat project was currently estimated to cost NOK45 billion ($7.6 billion), compared with an original estimate of NOK30.9 billion in the operator's development plan from 2009.
The field was set to start producing in the fourth quarter of this year, but a much work still remains to finish the rig at the Hyundai Heavy Industries yard in Korea, according to an audit report from Norway's Petroleum…
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