Name: Åsgard
Brand: Wood Mackenzie
SKU: 34692
Price: 5280 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 27 May 2025

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Report summary

Åsgard is one of the largest and most complex subsea projects in the world, located 200 kilometres offshore Norway in the Vøring basin of the Norwegian Sea. It includes the development of five separate fields: Midgard, Smørbukk, Smørbukk Sør, Smørbukk Nord and Blåbjørn. The fields have produced over 2.5 billion boe since the late 1990s.The fields are being produced via subsea wells tied back to the Åsgard A Floating Production, ...

Summary
- Midgard Subsea Compression
- Smørbukk Sør Extension
Key Issues
- Low Pressure Production (phase 3) project to be fully onstream in 2025
- Subsea Compression phase II to start-up in 2025
- Åsgard facilities face high late-life operating costs
- Infill drilling
- Development of Smørbukk Nord
- Blåbjørn onstream in 2023
- Smørbukk Midt prospect
- Infrastructure life extension
- 2 more item(s)...
Unitisation
- Historical licensing and corporate activity
Midgard
Smørbukk
Smørbukk Sør
Smørbukk Nord
Blåbjørn
Exploration in the surrounding area
Historical exploration
- Midgard
- Smørbukk
- Smørbukk Sør and Blåbjørn
- Smørbukk Nord
Midgard
Smørbukk
21 more item(s)...