ExxonMobil Receives Consent to Extend Lifetime of the Sigyn Field Facilities

Source: www.gulfoilandgas.com 2/25/2017, Location: Europe

ExxonMobil is the operator of the Sigyn field, a gas and condensate field in the Sleipner area of the North Sea, around 12 kms south-east of Sleipner ?st. Water depth is around 70 metres. The field has been developed using a subsea solution, and the wellstream is piped through two lines to the Sleipner A facility. Production from the field began in 2012.

Production was originally estimated to last until 2017, but new calculations show that it can be sustained until 2022. ExxonMobil has therefore applied for consent to extend the lifetime of the subsea facility at Sigyn and the associated wells, pipelines and control cables for managing and monitoring the wells.

The Petroleum Safety Authority has granted ExxonMobil consent to extend the lifetime until 31 December 2022.


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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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