Exxon Mobil will extend lifetime of Norway's Sigyn field until end-2022

27/02/2017 08:53 Oil Market


Norway's Petroleum Safety Authority has given approval to operator Exxon Mobil to prolong the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog declared on Friday.

The gas and condensate field located approximately 12 kilometres south-east of the Statoil-controlled Sleipner East field has been developed employing subsea templates tied back to the Sleipner A facility.

Production from the field was initially anticipated to stop in 2017.

The Norwegian Petroleum Directorate (NPD) stated on its page the Sigyn field's lifetime could be prolonged by adding new production wells.

Exxon Mobil owns a 40 percent stake in Sigyn while Statoil possesses 60 percent.

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