Valemon is a producing conventional gas field located in shallow water in Norway and is operated by Equinor Energy. 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.

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 76.02% 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 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 2041.


Remaining recoverable reserves

The field is expected to recover 26.6 Mmboe, comprised of 3.18 Mmbbl of crude oil & condensate, 139.85 bcf of natural gas reserves and 0.11 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 Energy

Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.