Åsgard is a producing conventional gas field located in shallow water in Norway and is operated by Equinor Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 6507/11P (PL 062), 6407/2P (PL 074), 6406/3P (PL 094 B), 6407/3P (PL 237), 6506/11P (PL 134), 6506/12P (PL 094), 6506/9P (PL 479), and 6506/12P (PL 479), with water depth of 1,089 feet. Buy the profile here.
Three expansion projects are associated with the Åsgard conventional gas field, namely the Asgard B Low Pressure Project, the Asgard A ULP and the Smørbukk North. The expansion projects are currently in the construction, feasibility and commissioning stage, targeting start-up during 2024 – 2027.
Field participation details
The field is owned by Eni, Equinor, HitecVision, Petoro and TotalEnergies.
Production from Åsgard
The Åsgard conventional gas field recovered 94.89% of its total recoverable reserves, with peak production in 2003. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 3% of the country’s daily output.
Contractors involved in the Åsgard conventional gas field
Some of the key contractors involved in the Åsgard project as follows.
Design/FEED Engineering: Aker Solutions and TechnipFMC
Main EPC: Aker Solutions and TechnipFMC
Other Contractors: Cabot, MAN Energy Solutions, Havfram and TechnipFMC
About Equinor Energy
Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.
For more details on the Åsgard Conventional Gas Field, buy the profile here.
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