Vale ( no, Valefeltet) is an offshore
gas field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...
in the
North Sea
The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea, epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the ...
located north of the
Heimdal gas field
Heimdal ( no, Heimdalfeltet) is an offshore natural gas field in the North Sea located northwest of the Stavanger, Norway. Heimdal serves as a connection hub for processing and distribution of natural gas from satellite fields.
The field was di ...
. The depth of the water in the field area is . Vale is considered a satellite to Heimdal field and is connected to it by a pipeline.
[Statoil. Facts about Vale]
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Estimated reserves at Vale stand at of natural gas and of gas condensate.[
] Vale gas field is expected to produce of natural gas and of condensate.
History
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.][
]
Ownership
The Vale field is operated by Sval Energi (50%) with LOTOS holding 25.757% and PGNiG
Polskie Górnictwo Naftowe i Gazownictwo S.A. ( en: Polish Oil Mining and Gas Extraction S.A.), abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative ...
holding 24.243%.Norsk Hydro
Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world a ...
. 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;[ Operatorship passed to Sval Energi upon their acquisition of Centrica's subsidiary, Spirit Energy's Norwegian assets in 2022.]
See also
*Heimdal gas field
Heimdal ( no, Heimdalfeltet) is an offshore natural gas field in the North Sea located northwest of the Stavanger, Norway. Heimdal serves as a connection hub for processing and distribution of natural gas from satellite fields.
The field was di ...
* Oseberg Transport System
* Grane oil field
* Oseberg oil field
*North Sea oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea ...
*Economy of Norway
The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country ...
References
External links
Vale – Equinor
{{DEFAULTSORT:Vale Gas Field
Oil fields in Norway
Natural gas fields in Norway
North Sea energy
TotalEnergies
Centrica