Vale gas field

Vale gas field

Location of Vale gas field

Country Norway
Region North Sea
Offshore/onshore offshore
Coordinates 59°42′22.43″N 2°18′37.83″E / 59.7062306°N 2.3105083°E / 59.7062306; 2.3105083Coordinates: 59°42′22.43″N 2°18′37.83″E / 59.7062306°N 2.3105083°E / 59.7062306; 2.3105083
Operator Centrica
Partners Centrica
Total S.A.
Field history
Start of production 31 May 2002 (2002-05-31)
Production
Estimated gas in place 2.5×10^9 m3 (88×10^9 cu ft)

Vale (Norwegian: Valefeltet) is an offshore gas field in the North Sea located 16 kilometres (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 metres (88 billion cubic feet) 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 cubic metres per day (57 million cubic feet per day) of natural gas and 2,600 barrels per day (410 m3/d) of condensate.

History

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] Total investment has been 800 million NOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.[2]

Ownership

The Vale field is operated by Centrica (75.76%) with TotalFinaElf Exploration Norge AS holding 24.24%.[4]

The field was originally operated by Norsk Hydro. In 2007, the operationship was transferred to Statoil as a result of the merger between Statoil and Hydro Oil & Gas. In 2012, Centrica acquired Statoil's stake and took over operatorship.[4]

See also

References

  1. ↑ Statoil. Facts about Vale
  2. 1 2 3 "Norsk Hydro Begins Production from Vale Field". Rigzone. 6 June 2002. Retrieved 18 February 2010.
  3. ↑ Hydro. Vale condensate field starts producing
  4. 1 2 "Centrica cleared to operate Vale facilities in North Sea". Offshore Magazine. PennWell Corporation. 2012-085-07. Retrieved 2012-05-10. Check date values in: |date= (help)
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