LONDON, June 29 -- The plan for development and operation of Esso E&P Norway AS's Sigyn field in the Norwegian North Sea has been submitted to the Norwegian authorities, field partner Statoil AS said Friday.
The development concept for the gas and condensate field, on Block 16/7, involves installing a subsea template tied back to Statoil's Sleipner East field.
The Norwegian oil and gas company said it would be playing "a leading role" on the 2 billion kroner development, which encompasses the Sigyn West and East reservoirs.
"This includes a good deal of light oil and condensate," said Tor Torsøy, Statoil's Sigyn project manager. He noted that the field will make a "positive contribution" to the Sleipner East facilities, because the development's A platform and the onshore Kårstø processing complex north of Stavanger each have spare capacity for liquids.
Offshore development work is scheduled for summer and autumn next year.
The Ministry of Petroleum & Energy Thursday allocated gas sales contracts to Sigyn yesterday.
Sigyn, which has reserves of 5.6 billion cu m of gas and 5.6 million cu m of condensate, will supply 2.3 billion cu m in 2002 and 2003.
Statoil has a 50% stake in Sigyn, while ExxonMobil holds a 40% interest, and Norsk Hydro AS 10%.
