Vale is a producing conventional oil field located in shallow water in Norway and is operated by Sval Energi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 25/4P (PL 036) and 25/5P (PL 249), with water depth of 380 feet. Buy the profile here.
Field participation details
The field is owned by Polski Koncern Naftowy Orlen, Polskie Gornictwo Naftowe i Gazownictwo and Sval Energi.
Production from Vale
The Vale conventional oil field recovered 73.78% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 4.67 thousand bpd of crude oil and condensate and 28.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.
Remaining recoverable reserves
The field is expected to recover 11.20 Mmboe, comprised of 7.16 Mmbbl of crude oil & condensate and 24.24 bcf of natural gas reserves.
About Sval Energi
Sval Energi (Sval) is an oil and gas company that engaged in the exploration production services. Sval is headquartered in Stavanger, Norway.
For more details on the Vale Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
