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OESAAnalysis

Field · Norwegian Sea

Åsgard

Åsgard is a gas and condensate field in the Norwegian Sea, discovered in 1981. Status: producing. Operator: Equinor Energy AS.

ProducingGas and condensate

Status
Producing
Contains
Gas and condensate
Sea area
Norwegian Sea
Operator
Equinor Energy AS
Discovered
1981
Approved for production
14 Jun 1996
Production start
19 May 1999
Supply base
Kristiansund
Sodir ID
43765

Show on the globeFact page at the Norwegian Offshore Directorate

Production

Last 12 months
7.92 million Sm³ o.e. · Aug 2025–Jul 2026
Share of Norwegian production
3.22 %no. 6 of 95 fields with production in the last 12 months
Per day
137,000barrels o.e. per day, converted
Peak year
2003 24.87 million Sm³ o.e.
0510152025 2000: 8.54 million Sm³ o.e.2001: 14.20 million Sm³ o.e.2002: 20.30 million Sm³ o.e.20022003: 24.87 million Sm³ o.e.2004: 23.20 million Sm³ o.e.2005: 22.14 million Sm³ o.e.20052006: 20.42 million Sm³ o.e.2007: 22.39 million Sm³ o.e.2008: 21.39 million Sm³ o.e.20082009: 22.45 million Sm³ o.e.2010: 21.51 million Sm³ o.e.2011: 20.85 million Sm³ o.e.20112012: 21.24 million Sm³ o.e.2013: 16.63 million Sm³ o.e.2014: 16.72 million Sm³ o.e.20142015: 16.10 million Sm³ o.e.2016: 16.32 million Sm³ o.e.2017: 15.90 million Sm³ o.e.20172018: 15.07 million Sm³ o.e.2019: 13.68 million Sm³ o.e.2020: 10.57 million Sm³ o.e.20202021: 8.32 million Sm³ o.e.2022: 7.79 million Sm³ o.e.2023: 7.08 million Sm³ o.e.20232024: 6.45 million Sm³ o.e.2025: 7.54 million Sm³ o.e.2026: 4.52 million Sm³ o.e.2026

OilGasNGLCondensate2026 covers January–July (lighter bar).

The figures start in 2000; the field started producing in 1999, so production before 2000 is not included.

Show the figures as a table
Production per year, Åsgardmillion Sm³ o.e.
YearOilGasNGLCondensateTotal
2026 (Jan–Jul)1.412.530.580.004.52
20251.934.591.030.007.54
20241.344.041.070.006.45
20230.974.921.190.007.08
20220.995.521.280.007.79
20211.085.391.850.008.32
20201.396.672.510.0010.57
20191.678.843.180.0013.68
20182.009.703.370.0015.07
20172.3310.203.370.0015.90
20162.5410.243.540.0016.32
20152.739.813.560.0016.10
20143.059.903.770.0016.72
20133.179.613.850.0016.63
20124.0012.175.070.0021.24
20113.9312.084.830.0020.85
20105.0311.974.510.0021.51
20095.7312.174.540.0022.45
20085.9511.424.020.0021.39
20076.7911.444.160.0022.39
20064.849.773.612.2120.42
20054.6410.513.643.3522.14
20045.6610.213.493.8523.20
20036.9510.073.534.3324.87
20028.237.252.232.5920.30
20018.323.891.310.6814.20
20007.840.520.090.108.54

Marketable production in million standard cubic metres of oil equivalent (Sm³ o.e.), per month from the Norwegian Offshore Directorate, summed per year. Gas in billion Sm³ equals million Sm³ o.e. Figures up to and including July 2026. The conversion to barrels per day uses 1 Sm³ ≈ 6.29 barrels.

Reserves

The Norwegian Offshore Directorate's estimate as of 31 Dec 2025. Originally recoverable is everything the field is expected to produce; remaining is what is left.

Reserves in Åsgard
ProductOriginally recoverableRemainingUnit
Oil113.136.28million Sm³
Gas244.3821.23billion Sm³
NGL43.444.11million tonnes
Condensate17.110.00million Sm³
Total o.e.457.1535.31million Sm³ o.e.

According to the estimate, 92 % of the recoverable reserves have been produced.

Licensees

Licensees in Åsgard, updated by Sodir 20 Feb 2026
CompanyShareValid from
Equinor Energy ASEQNROperator35.01 %1 Jan 2023
Petoro AS34.53 %1 Jan 2023
Vår Energi ASAVAR22.65 %1 Jan 2023
TotalEnergies EP Norge AS7.81 %1 Jan 2023

Companies on the analysis page link to their own page.

Facilities

Facilities belonging to Åsgard
NameTypeStatusIn service since
Åsgard AProduction ship (FPSO)In service1999
Åsgard EMulti-well templateIn service1999
Åsgard FMulti-well templateIn service1999
Åsgard GMulti-well templateIn service1999
Åsgard IMulti-well templateIn service1999
Åsgard LMulti-well templateIn service1999
Åsgard PMulti-well templateIn service1999
Åsgard RMulti-well templateIn service1999
Åsgard SMulti-well templateIn service1999
Åsgard BSemi-submersible (steel)In service2000
Åsgard CStorage ship (FSU)In service2000
Åsgard HMulti-well templateIn service2000
Åsgard JMulti-well templateIn service2000
Åsgard KMulti-well templateIn service2000
Åsgard MMulti-well templateIn service2000
Åsgard NMulti-well templateIn service2000
Åsgard OMulti-well templateIn service2000
Åsgard XMulti-well templateIn service2000
Åsgard YMulti-well templateIn service2000
Åsgard ZMulti-well templateIn service2000
Åsgard QMulti-well templateIn service2005
Åsgard RbSubsea structureIn service2005
Åsgard NbSingle-well templateIn service2012
Åsgard PbMulti-well templateIn service2015
Åsgard Scms-ASubsea structureIn service2015
Åsgard Scst-ASubsea structureIn service2015
Smørbukk NordSingle-well templateIn service2024

Sources

Sokkeldirektoratet, the Norwegian Offshore Directorate (FactMaps and FactPages), Norwegian Licence for Open Government Data (NLOD). Field data retrieved 28 Sep 2026, production 27 Sep 2026, licensees and reserves 28 Sep 2026. factpages.sodir.no · NLOD