Statoil ASA has installed a steel jacket on the North Sea Valemon field, scheduled to come on stream in the fourth quarter 2014. The Valemon platform is on Blocks 34/11 and 34/10 offshore Norway, west of Kvitebjorn field.
Production from Valemon field is anticipated to last until at least 2025, enabling Statoil to maintain production on the Norwegian Continental Shelf for years and also help prolong the life of the Heimdal processing platform.
Statoil noted Valemon is one of its largest development projects off Norway. It estimates that the field contains 206 million boe in complex reservoirs with high pressure and temperature. At peak, Valemon is expected to produce 86,000 boe/d (OGJ Online, May 18, 2011).
The reserves lie at about 4,000 m in Middle Jurassic sandstones of the Brent Group and Lower Jurassic sandstones in the Cook formation.
