Gas condensate field · Norway

Åsgard

Åsgard is a gas condensate field in the Norwegian Sea, operated by Equinor Energy AS. It was discovered in 1981 and has produced since 1999. In August 2026 it produced about 54,000 barrels of oil, condensate and NGL and 12 million cubic metres of gas a day.

Production

Åsgard has produced about 1.29 billion barrels of oil, condensate and NGL and 226 billion cubic metres of gas since May 1999.

Gas, million cubic metres a day, by month
Åsgard: gas production by month, May 1999 to August 2026010203040200020052010201520202025

Latest: 12 million cubic metres a day in August 2026. Highest year: 2009, averaging 33 million cubic metres a day. Highest month: November 2010.

Oil, condensate and NGL, barrels a day, by month
Åsgard: oil, condensate and ngl production by month, May 1999 to August 20260100k200k300k200020052010201520202025

Latest: 54,000 barrels a day in August 2026. Highest year: 2003, averaging 255,000 barrels a day. Highest month: March 2003.

Average production by year

YearOil, condensate and NGL, barrels a dayGas, million m³ a day
2026 (Jan–Aug)58,00012
202551,00013
202441,00011
202337,00013
202239,00015
202150,00015
202067,00018
201983,00024
201892,00027
201798,00028
2016105,00028
2015108,00027
2014117,00027
2013121,00026
2012156,00033
2011151,00033
2010164,00033
2009177,00033
2008171,00031
2007189,00031
2006184,00027
2005200,00029
2004223,00028
2003255,00028
2002225,00020
2001178,00011
2000138,0001.4
1999 (May–Dec)100,0000

Field details

StatusProducing
TypeGas condensate field
OperatorEquinor Energy AS
Partners
  • Equinor Energy AS 35.01%
  • Petoro AS 34.53%
  • Vår Energi ASA 22.65%
  • TotalEnergies EP Norge AS 7.81%
Discovered1981 (wellbore 6507/11-1)
First productionMay 1999
Water depth296 m
Sea areaNorwegian Sea
Supply baseKristiansund
LicenceÅsgard Unit (a unitised field spanning several licences)
Expected total recoveryoil 712 million barrels; condensate 108 million barrels; gas 244 billion cubic metres; NGL 43 million tonnes (Sodir estimate, 2025)
Remaining reservesoil 39.5 million barrels; gas 21.2 billion cubic metres; NGL 4.1 million tonnes
Produced so far92% of the expected total
Wellbores inside the outline145
Official recordSodir FactPage

Platforms and installations

Åsgard AFPSO · In service · since 1999 · 315 m water depth
Åsgard BSemisub steel · In service · since 2000 · 300 m water depth
Åsgard CFSU · In service · since 2000 · 290 m water depth

24 more installations are on the seabed, such as well templates.

Nearby

Sources

Contains data under the Norwegian licence for Open Government data (NLOD) distributed by the Norwegian Offshore Directorate (Sodir): field, production, reserves, licensee and facility data from the FactPages, with production monthly to August 2026.

Offshore Data Atlas converts the reported volumes to barrels and cubic metres a day (one cubic metre is 6.29 barrels). Norwegian figures are saleable production.