Country Norway Region North Sea Start of production 31 May 2002 | Partners Centrica
Total S.A. Operator Centrica Offshore/onshore offshore | |
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Estimated gas in place 2.5×10^9 m3 (88×10^9 cu ft) | ||
Vale gas field norwegian north sea
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.
Contents
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 Centrica (75.76%) with TotalFinaElf Exploration Norge AS holding 24.24%.
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.