Statoil to start Valemon production in 2014

By OGJ editors
HOUSTON, June 10
-- Statoil plans to start production from Valemon gas and condensate field in the Norwegian North Sea in 2014.

The company has received approval for the fixed-platform development from the Norwegian Petroleum Directorate (OGJ Online, Oct. 22, 1010).

The normally unmanned platform will be controlled from the Kvitebjorn platform when drilling operations are complete in 2016-17. The field, with a highly fractured high-pressure, high-temperature reservoir, lies in 135 m of water between Kvitebjorn and Gullfaks South fields about 160 km west of Bergen.

Statoil, operator with 64.275% interest, expects output to produce at a peak rate of 3 billion cu m/year of gas.

Other interests are Petoro 30%, Enterprise Oil Norge 3.225%, and Total 2.5%.

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