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  1. Market Data
May 12, 2022

Sigyn Conventional Gas Field, Norway

By Carmen

Sigyn is a producing conventional gas field located in shallow water in Norway and is operated by Equinor Energy. The field is located in block 16/7P (PL 072), with water depth of 258 feet.

Field participation details

The field is owned by Eni, HitecVision and Equinor.


Production from Sigyn

The Sigyn conventional gas field recovered 95.58% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 15.29 thousand bpd of crude oil and condensate, 88 Mmcfd of natural gas and 10.52 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 5.55 Mmboe, comprised of 1.39 Mmbbl of crude oil & condensate, 20.01 bcf of natural gas reserves and 0.82 Mmbbl of natural gas liquid reserves.


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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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