Valemon is a producing conventional gas field located in shallow water in Norway and is operated by Equinor UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 34/10P (PL 050), 34/11P (PL 193 D), 34/11P (PL 193 B), 34/10P (PL 050 FS), 30/1P (PL 050 GS), 34/10P (PL 050 ES), and 34/10P (PL 050 HS), with water depth of 623 feet. Buy the profile here.

Field participation details

The field is owned by Equinor, Petoro and Polskie Gornictwo Naftowe i Gazownictwo.

Production from Valemon

The Valemon conventional gas field recovered 76.17% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 7.76 thousand bpd of crude oil and condensate, 269.00 Mmcfd of natural gas and 0.23 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.

Remaining recoverable reserves

The field is expected to recover 27.50 Mmboe, comprised of 6.65 Mmbbl of crude oil & condensate, 124.79 bcf of natural gas reserves and 0.05 Mmbbl of natural gas liquid reserves. Valemon conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.

About Equinor UK

Equinor UK Ltd (Equinor), formerly Statoil (U.K.) Ltd is an oil and gas company that develops, markets and supplies natural gas and crude oil. It carries out offshore operations to develop various offshore wind technologies and projects. The company's activities include offshore wind, upstream operations, natural gas trading and crude oil sales. Statoil UK's wind projects include Sheringham Shoal wind farms, Dogger Bank offshore wind project, Hywind Scotland Pilot Park and Dudgeon wind farms. The company owns oil and gas properties in the UK continental shelf. It trades and markets gas to industrial customers across Europe. The company operates through its office located in Aberdeen, the UK. Equinor is a subsidiary of Statoil ASA and headquartered in London, the UK.

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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.