Vale gas field
|Vale gas field|
|Start of production||31 May 2002|
|Estimated gas in place||2.5×109 m3 (88×109 cu ft)|
Vale (Norwegian: Valefeltet) is an offshore gas field in the North Sea located 16 kilometres (9.9 mi) north of the Heimdal gas field. The depth of the water in the field area is 115 metres (377 ft). Vale is considered a satellite to Heimdal field and is connected to it by a pipeline. Estimated reserves at Vale stand at 2.5 billion cubic metres (88 billion cubic feet) of natural gas and 21 million barrels (3,300,000 m3) of gas condensate. Vale gas field is expected to produce 1.6 million cubic metres per day (57 million cubic feet per day) of natural gas and 2,600 barrels per day (410 m3/d) of condensate.
Production was started on 31 May 2002, according to the Plan for Development and Operation approved by Norway in the spring of 2001. Total investment has been 800 million NOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.
The field was originally operated by Norsk Hydro. In 2007, the operationship was transferred to Statoil as a result of the merger between Statoil and Hydro Oil & Gas. In 2012, Centrica acquired Statoil's stake and took over operatorship.
- Heimdal gas field
- Oseberg Transport System
- Grane oil field
- Oseberg oil field
- North Sea oil
- Economy of Norway
- Statoil. Facts about Vale
- "Norsk Hydro Begins Production from Vale Field". Rigzone. 6 June 2002. Retrieved 18 February 2010.
- Hydro. Vale condensate field starts producing
- "Centrica cleared to operate Vale facilities in North Sea". Offshore Magazine. PennWell Corporation. 2012-085-07. Retrieved 2012-05-10. Check date values in: