
Courtesy of Centrica
Cygnus, located in licence areas P1055 & P1731, 150 kilometres off the coast of Lincolnshire, is expected to contribute 5% of UK gas production – supplying sufficient gas to heat the equivalent of 1.5 million UK homes. The project added approximately £1.3 billion to the UK economy and supported nearly 5,000 jobs during its five year development period.
The Cygnus complex, with four platforms, a total of 10 wells and two subsea structures, serves an estimated field size of 250 square kilometres from which it is expected to achieve plateau production of 250 million cubic feet per day.
Equity interests are operator ENGIE E&P UK Limited (38.75%) and partners Centrica (48.75%) and Bayerngas (12.5%).
