Sval Energy AS has been granted consent from the Petroleum Safety Authority Norway (PSA) to continue operating Vale field in the central part of the North Sea, 16 km north of Heimdal field.
In May 2021, the PSA granted consent to Spirit Energy Norway AS for infrastructure use on Vale field until June 11, 2023 (OGJ Online, May 13, 2021). In late 2021, Sval Energi agreed to acquire the Norwegian business of Spirit Energy, including Vale field interest and operatorship (OGJ Online, Dec. 8, 2021).
Sval’s extension was granted until Oct. 1, 2023.
Vale field lies in 115 m of water and was developed with a subsea template including one horizontal production well with a single sidetrack tied-back to the Equinor Energy-operated Heimdal gas processing hub. Gas and condensate production, from Middle Jurassic sandstone in the Brent Group, began in 2002. Gas is transported via Vesterled to St Fergus in the UK. Condensate is transported by pipeline to Brae field in the UK sector and further to Cruden Bay.
Originally, Vale had 5.6 million std cu m oil equivalent recoverable reserves. Remaining reserves are estimated at 0.4 million std cu m oil equivalent.
Sval Energi is operator at Vale (50%) with partners LOTOS Exploration and Production Norge AS (25.757%) and PGNiG Upstream Norway AS (24.243%).