Vale gas field

Vale gas field
Location of Vale gas field
Country Norway
Region North Sea
Offshore/onshore offshore
Coordinates
Operator(s) Statoil
Partners Statoil, Marathon Oil, Total S.A.
Field history
Start of production 31 May 2002 (2002-05-31)
Production
Estimated gas in place (billion cubic meters) 2.5

Vale (Norwegian: Valefeltet) is an offshore gas field in the North Sea located 16 km (9.9 mi) north of the Heimdal gas field. The depth of the water in the field area is 115 metres (377 ft). Vale is considered a satellite to Heimdal field and is connected to it by a pipeline.[1] Estimated reserves at Vale stand at 2.5 billion cubic meters (bcm) of natural gas and 21 million barrels (3,300,000 m3) of gas condensate.[2] Vale gas field is expected to produce 1.6 million Sm3 and 2,600 barrels of condensate per day. Production was started on 31 May 2002, according to the Plan for Development and Operation approved by Norway in the spring of 2001.[2][3]

Contents

Ownership

The Vale field is operated by Statoil (28.85%) with Centrica holding 46.90% and TotalFinaElf Exploration Norge AS – 24.24%.[1] Total investment has been 800 million NOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.[2]

See also

References

  1. ^ a b Statoil. Facts about Vale
  2. ^ a b c "Norsk Hydro Begins Production from Vale Field". Rigzone. 6 June 2002. http://www.rigzone.com/news/article.asp?a_id=3518. Retrieved 18 February 2010. 
  3. ^ Hydro. Vale condensate field starts producing

External links

Resources in Norway
Resources:
Oil:
Blane · Brage · Draugen · Ekofisk · Gjøa · Goliat · Grane · Gullfaks · Gyda · Heidrun · Norne · Oseberg East · Oseberg South · Oseberg · Oselvar · Snorre · Statfjord · Tambar · Ula · Valhall · Yme
Natural gas:
Frigg · Heimdal · Ormen Lange · Skirne · Sleipner · Snøhvit · Troll · Vale