VALEMON

Discovery year
1985
Wellbore
Status
Producing
Business unit

Operator:

Equinor Energy AS

Area:

North Sea

Production start:

03.01.2015

Historical investments per 31.12.2018:

23 202 MILL NOK (nominal)

Future investments from 2019:

682 MILL NOK (real 2019 NOK)

PRODUCTION FROM THE FIELD

Source: The Norwegian Petroleum Directorate

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PRODUCTION FROM THE FIELD

Development

Valemon is a field in the northern part of the North Sea, just west of the Kvitebjørn field. The water depth is 135 metres. Valemon was discovered in 1985, and the plan for development and operation (PDO) was approved in 2011. The field is developed with a fixed production platform with a simplified separation process design. The platform is remotely controlled from an operations centre onshore. Production started in 2015.

Reservoir

Valemon produces gas and condensate from Lower Jurassic sandstone in the Cook Formation and Middle Jurassic sandstone in the Brent Group. The deposit has a complex structure with many fault blocks. The reservoirs lie at a depth of 3,900-4,200 metres and have high temperature and high pressure (HTHP).

Recovery

The field is produced by pressure depletion.

Transport

The condensate is transported by pipeline to the Kvitebjørn field, and via the Kvitebjørn Oil Pipeline to Mongstad. The rich gas is exported via the previous Huldra pipeline to Heimdal for further export to the UK or continental Europe.

Status

Due to production experience and rapid pressure decline in the reservoirs, [TA1] the estimated recoverable volumes have been significantly reduced since the PDO. No new wells have been drilled since 2018. However, new drilling targets have been identified after the acquisition of a new 4D seismic survey. Permanent rerouting of the gas export via Kvitebjørn is planned from late 2021.

ACCRUED INVESTMENTS IN NOMINAL NOK

Source: The Norwegian Petroleum Directorate

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ACCRUED INVESTMENTS IN NOMINAL NOK

NPD's CURRENT RESOURCE ESTIMATES

All numbers in mill. Sm3 o.e.

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NPD's CURRENT RESOURCE ESTIMATES – All numbers in mill. Sm3 o.e.
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OWNERS

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OWNERS

DISCOVERIES INCLUDED IN THE FIELD

MORE INFORMATION

Visit the Norwegian Petroleum Directorate's fact pages for more information