Statoil has signed contracts worth NOK 375 million for the development of the Sigyn gas and condensate field in the North Sea on behalf of the licensees.
ExxonMobil is operator for Sigyn, but through agreements between Statoil, ExxonMobil and Norsk Hydro, Statoil will execute drilling and subsea work at Sigyn, in addition to the topside modifications on Sleipner.
ABB will carry out the alterations and modification work on the Sleipner A platform, which will be hooked up to the wellstream from Sigyn. The estimated value of this contract is NOK 200 million.
Coflexip Stena Offshore (CSO) will install a seabed template, flowlines and control cable. CSO will also connect the flowlines and control cable to the platform. This contract has an estimated value of around NOK 175 million.
Tor Torsøy, manager for the Sigyn development, reports that the template is planned to be installed in November. It has to be in place before drilling operations can begin.
The Sigyn East and Sigyn West deposits will be produced by means of one and two production wells respectively, in the same template. Plans call for the wells to come on stream in the first quarter of 2003. The field has an estimated lifespan of 10 years.
The licensees in Sigyn are ExxonMobil with 40 per cent, Norsk Hydro (10) and Statoil (50).