Image

Statoil and its partners have started production at the Valemon gas and condensate field in the Norwegian North Sea.

The field, which features around 192 million barrels of oil equivalent, is located between Kvitebjørn and Gullfaks South in the North Sea, about 160km west of Bergen.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Gas from Valemon will be sent via the existing pipeline between Huldra and Heimdal, which is a hub for further transportation to the European gas markets.

The condensate will be piped to Kvitebjørn for stabilisation and from there to the Mongstad refinery near Bergen.

"Valemon is one of several new projects on the Norwegian Continental Shelf that will help add value, activity and innovation."

A submarine cable will deliver electricity to Valemon from Kvitebjørn.

See Also:

Statoil Petroleum operates the field with a 53.77% stake. Petoro, Centrica Resources and Norske Shell have 30%, 13% and 3.23% interests, respectively.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Statoil executive vice-president for development and production Norway Arne Sigve Nylund said: "Valemon is one of several new projects on the Norwegian Continental Shelf that will help add value, activity and innovation, demonstrating well the long-term perspective that characterises Statoil’s activity on the Norwegian Continental Shelf.

"By using the existing facilities at Kvitebjørn and Heimdal, as well as the existing pipelines, we have also reduced the costs of developing the Valemon field."

Investments in the Valemon field development project will total about NOK22.6bn ($2.9bn) when all wells are drilled.

The platform, which features 40 cabins, will then have ten production wells.

Image: Statoil executive vice-president for development and production Norway Arne Sigve Nylund. Photo: courtesy of Statoil.