Åsgard is a producing conventional gas field located in shallow water in Norway and is operated by Equinor Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 6507/11P (PL 062), 6407/2P (PL 074), 6406/3P (PL 094 B), 6407/3P (PL 237), 6506/11P (PL 134), 6506/12P (PL 094), 6506/9P (PL 479), and 6506/12P (PL 479), with water depth of 1,089 feet. Buy the profile here.

Two expansion projects are associated with the Åsgard conventional gas field, namely the Smørbukk Development and the Asgard Subsea Phase 2. The expansion projects are currently in the construction and approval stage.

Field participation details

The field is owned by Eni, Equinor, HitecVision, Petoro and TotalEnergies.

Production from Åsgard

The Åsgard conventional gas field recovered 95.28% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 194.13 thousand bpd of crude oil and condensate, 974.00 Mmcfd of natural gas and 60.73 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034. The field currently accounts for approximately 3% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 121.37 Mmboe, comprised of 9.09 Mmbbl of crude oil & condensate, 451.60 bcf of natural gas reserves and 37.01 Mmbbl of natural gas liquid reserves. Åsgard conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.

Contractors involved in the Åsgard conventional gas field

Some of the key contractors involved in the Åsgard project as follows.

Design/FEED Engineering: Aker Solutions

Main EPC: Aker Solutions and TechnipFMC

Other Contractors: MAN Energy Solutions and TechnipFMC

About Equinor Energy

Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.

For more details on the Åsgard Conventional Gas Field, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.