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 Orlen, Polskie Gornictwo Naftowe i Gazownictwo and Sval Energi.
Production from Vale
The Vale conventional oil field recovered 64.67% of its total recoverable reserves, with peak production in 2015. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054.
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.