Development plan for Sigyn

June 29, 2001, 12:00 CEST

A plan for development and operation (PDO) of ExxonMobil’s Sigyn field in the North Sea has been submitted today, 29 June, to the Norwegian authorities.

Statoil has a 50 per cent interest in this project, which involves installing a subsea template tied back to the group’s Sleipner East field.

A leading role will be played by Statoil on behalf of the operator in the Sigyn development, which is costed at roughly NOK 2 billion.

The gas and condensate field comprises the Sigyn West and East deposits.

This includes a good deal of light oil and condensate, reports Tor Torsøy, project manager in Statoil.

The field will make a positive contribution to the Sleipner East facilities, because both the A platform and the Kårstø complex north of Stavanger have spare capacity for liquids.

Offshore development work will largely be pursued in the summer and autumn of 2002.

Output from Sigyn was recently allocated to a Norwegian gas sales contract.

ExxonMobil has a 40 per cent interest in the field, with Norsk Hydro holding the remaining 10 per cent.