Exxon Mobil to extend Norway’s Sigyn field lifetime until end-2022

Sigyn field
Production from the Sigyn field was slated to end in 2017, however, the Norwegian Petroleum Directorate says with the addition of new production wells, the field’s lifetime could be extended. Statoil image.

Exxon holds 40 per cent stake in Sigyn field

OSLO, Feb 24 (Reuters) – Norway’s Petroleum Safety Authority has granted consent to operator¬†Exxon Mobil to extend the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog said on Friday.

The gas and condensate field around 12 kilometres south-east of the Statoil-operated Sleipner East field has been developed using subsea templates tied back to the Sleipner A facility.

Production from the field was originally estimated to end in 2017.

The Norwegian Petroleum Directorate (NPD) said on its page the Sigyn field’s lifetime could be extended by adding new production wells.

Exxon Mobil has a 40 per cent stake in Sigyn while Statoil holds 60 per cent.

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)