Friday, June 10, 2011
Statoil
The plan for development and operation of the Valemon gas and condensate field in the North Sea was approved by the Norwegian parliament on June 9. Production start-up is planned for 2014.
The Valemon field is one of Statoil's largest development projects on the Norwegian continental shelf (NCS) in the next few years.
The recoverable reserves are estimated at 206 million barrels of oil equivalents – including 26 billion cubic meters of gas, five million cubic meters of condensate and one million cubic meters of natural gas liquids (NGL).
The partners will invest almost NOK 20 billion in the platform, pipelines and production wells.
Development of Valemon involves a fixed platform with a steel jacket for the separation of gas, condensate and water. The normally unmanned platform will be remotely controlled from the Kvitebjørn platform when drilling operations are completed in 2016/17.
Gas from Valemon will be transported via the existing pipeline from Huldra to Heimdal, a hub which enables the gas to be exported to European markets.
The condensate will be piped to Kvitebjørn for stabilization and further transport to the Mongstad refinery in Hordaland.
At peak, Valemon is expected to produce approximately three billion cubic meters of gas annually.
"Production from Valemon will enable us to utilize spare capacity in the processing facilities on the Kvitebjørn and Heimdal platforms. Meanwhile, the platform and transport systems provide an excellent basis for the development of further oil and gas fields in the area," said Statoil senior vice president of NCS field development Ivar Aasheim.
The Valemon reservoir is complicated because it is fragmented, but also because of its high pressure and high temperature.
The contract for building the Valemon topsides was recently awarded to Samsung Heavy Industries, following broadly based international competition between pre-qualified suppliers. The contract is worth an estimated NOK 2.3 billion.
Design work will be carried out by the Grenland Group in Sandefjord, Norway and Technip in Malaysia. Grenland Group will also build the flare stack. Hertel Marine in the Netherlands will be responsible for the construction of the accommodation quarters.
The contract for steel jacket construction was previously awarded to Heerema Vlissingen B.V., while Heerema Marine Contractors Nederland B.V. landed the contract for transport and mating of jacket and topsides.
Saipem was awarded the contract for installation of the topside facilities. Pipeline design was awarded to IKM Ocean Design.
The Valemon field is located in the North Sea between Kvitebjørn and Gullfaks South, roughly 160 kilometers west of Bergen.
Licensees are Statoil (operator – 64.275%), Total (2.5%), Enterprise Oil Norge (3.225%) and Petoro (30%).
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