Norway Extends Sigyn Licence
In its application, operator ExxonMobil refers to current estimates which indicate production until the end of 2022.
Sigyn’s subsea facilities comprise wells and a subsea template, a pipeline to Sleipner A, as well as an umbilical for controlling and monitoring of wells.
Original oil deposits amounted to 7.5mn barrels and remaining oil to produce is estimated at 5.6mn barrels. Out of the original gas reserves of 8 million standard cubic metres, about 1 million remains to produce. Sigyn licensees are Exxon 40% and Statoil 60%.