Statoil to start Valemon production in 2014

Statoil plans to start production from Valemon gas and condensate field in the Norwegian North Sea 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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