Valhall is a producing conventional oil field located in shallow water in Norway and is operated by Aker BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 2/8P (PL 006 B) and 2/11P (PL 033 B), with water depth of 242 feet. Buy the profile here.
Four expansion projects are associated with the Valhall conventional oil field, namely the Valhall IP Drilling Program, the Valhall Infill Project, the Valhall PWP and the Valhall WP Life Time Extension Project. The expansion projects are currently in the commissioning, construction and approval stage.
Field participation details
The field is owned by Aker BP and Pandion Energy.
Production from Valhall
The Valhall conventional oil field recovered 94.19% of its total recoverable reserves, with peak production in 1999. The peak production was approximately 91.45 thousand bpd of crude oil and condensate, 100.00 Mmcfd of natural gas and 4.45 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 60.96 Mmboe, comprised of 48.52 Mmbbl of crude oil & condensate, 51.84 bcf of natural gas reserves and 3.80 Mmbbl of natural gas liquid reserves. Valhall conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Valhall conventional oil field
Some of the key contractors involved in the Valhall project as follows.
Design/FEED Engineering: Aker Solutions, ABB and Techouse
Main EPC: Aker Solutions
EPC Contractors: J.J. Ugland Companies and Worley
Other Contractors: Aker Solutions, A.P. Moller - Maersk, CHC Group, Archer and ABL Group
About Aker BP
Aker BP ASA (Aker BP) is an independent oil and gas exploration and production company. Its exploration, development and production activities on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It also includes in producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has operations in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.
For more details on the Valhall 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.
