Economic boom in Hammerfest in northern Norway
In recent years, the town of Hammerfest in northern Norway has experienced an economic boom. This is a consequence of Statoil‘s construction of the large liquefied natural gas site on the island of Melkøya in 2007. The gas site receives and processes natural gas from the Snøhvit undersea gas field in the Barents Sea.
Also, Goliat Field has led to an optimistic view of the future for the town of Hammerfest and the county of Finnmark. Goliat Field was originally awarded in 1997 and is expected to be in production for fifteen to twenty more years, but the field life may extend with new discoveries.
There is also optimism in Finnmark county as the growing petroleum activity in the Barents Sea is expected to generate increased economic activity on land in the years to come.