VALEMON
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General information
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Picture
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Discoveries included
Discoveries included Discovery name -
Activity status — history
Activity status — history StatusStatus fromStatus toProducing03.01.2015Approved for production09.06.201102.01.2015 -
Located in
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PDO – Plan for Development and Operations
PDO – Plan for Development and Operations Date PDO approvedDescriptionType09.06.2011Behandlet i StortingetPDO -
Ownership — full history
Ownership — full history Owner kindOwner nameOwnership from dateOwnership to dateBUSINESS ARRANGEMENT AREA09.06.2011 -
Operatorship — full history
Operatorship — full history Company nameOperatorship fromOperatorship to16.05.201809.06.201115.05.2018 -
Licensees — full history
Licensees — full history Company nameNation codeCompany share [%]Date licensee fromDate licensee toNO66.77500025.09.2024NO30.00000025.09.2024NO3.22500025.09.2024NO66.77500030.12.202024.09.2024NO30.00000030.12.202024.09.2024NO3.22500030.12.202024.09.2024NO66.77500029.11.201929.12.2020NO30.00000029.11.201929.12.2020NO3.22500029.11.201929.12.2020NO53.77500004.12.201828.11.2019NO30.00000004.12.201828.11.2019NO13.00000004.12.201828.11.2019NO3.22500004.12.201828.11.2019NO53.77500016.05.201803.12.2018NO30.00000016.05.201803.12.2018NO13.00000016.05.201803.12.2018NO3.22500016.05.201803.12.2018NO53.77500022.12.201715.05.2018NO30.00000022.12.201715.05.2018NO13.00000022.12.201715.05.2018NO3.22500022.12.201715.05.2018NO53.77500001.01.201421.12.2017NO30.00000001.01.201421.12.2017NO13.00000001.01.201421.12.2017NO3.22500001.01.201421.12.2017NO53.77500030.04.201231.12.2013NO30.00000030.04.201231.12.2013NO13.00000030.04.201231.12.2013NO3.22500030.04.201231.12.2013NO66.77500013.01.201229.04.2012NO30.00000013.01.201229.04.2012NO3.22500013.01.201229.04.2012NO64.27500009.06.201112.01.2012NO30.00000009.06.201112.01.2012NO3.22500009.06.201112.01.2012NO2.50000009.06.201112.01.2012 -
Description
Description TypeTextDate updatedDevelopmentValemon 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. The production started in 2015.14.12.2023ReservoirValemon 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 are at depths of 3900-4200 metres and have high temperature and high pressure (HTHP).14.12.2023Recovery strategyThe field is produced by pressure depletion.28.02.2023TransportThe wellstream is transported to Kvitebjørn for processing. Rich gas is transported through the Kvitebjørn Gas Pipeline to the Kollsnes terminal, while condensate is transported in a pipeline tied to the Troll Oil Pipeline II and further to the Mongstad terminal. Until mid-2023, the gas was exported to Heimdal.14.12.2023StatusDue to production experience and rapid pressure decline in the reservoirs, the estimated recoverable volumes have been significantly reduced since the PDO. The second drilling campaign including four new production wells started in 2021, and the last of the wells came on stream in mid-2023. The production contribution from the new wells is below expectations. After closing of the Heimdal facility in 2023, permanent rerouting of the Valemon gas export via Kvitebjørn to the Kollsnes terminal was initiated.14.12.2023 -
Investments (expected)
Investments (expected) The operator's future investments related to the reserves from 2023 [mill NOK 2023-kroner]. The stated investment estimate has not been corrected for possible investment sharing.1191 -
Investments (historical)
Investments (historical) Investments
[mill NOK nominal values]Sum258942022202420214572020772019134201827120171890201616922015237320145858201357322012390220111399201085 -
Production , saleable
Production , saleable MonthNet - oil
[mill Sm3]Net - gas
[bill Sm3]Net - condensate
[mill Sm3]Net - NGL
[mill Sm3]Net - oil equivalents
[mill Sm3]Sum1.91933013.7994290.0000000.09794115.8167000.0449930.3830160.0000000.0182940.4463030.0588010.4076390.0000000.0105660.4770060.0939500.5050540.0000000.0010160.6000200.0825540.6436750.0000000.0024580.7286870.1175681.0231600.0000000.0049131.1456410.1848101.5089790.0000000.0036081.6973970.3006382.3667670.0000000.0055542.6729590.3194832.5991810.0000000.0107472.9294110.4505592.8455130.0000000.0123613.3084330.2659741.5164450.0000000.0284241.8108430.0000000.0000000.0000000.0000000.000000 -
Production , sum wellbores
Production , sum wellbores MonthGross - oil
[mill Sm3]Gross - gas
[bill Sm3]Gross - condensate
[mill Sm3]Gross - oil equivalents
[mill Sm3]Sum0.00000014.3935841.49841415.8919980.0000000.4750940.0525480.5276420.0000000.4730610.0583250.5313860.0000000.5385030.0868650.6253680.0000000.6692490.0683550.7376040.0000001.0601650.0997761.1599410.0000001.5508430.1499211.7007640.0000002.4447640.2200832.6648470.0000002.6610640.2243472.8854110.0000002.9229130.3338283.2567410.0000001.5979280.2043661.8022940.0000000.0000000.0000000.000000 -
Production – charts
Production – charts Production – charts Production – charts Production – charts Production – charts Production – charts Any produced water is only included after 1.1.2000 -
Wellbores – exploration
Wellbores – exploration Wellbore nameEntered dateCompleted datePurposeStatusContent06.05.198513.10.1985WILDCATP&AGAS05.02.199201.07.1992APPRAISALP&AGAS/CONDENSATE15.07.199919.09.1999APPRAISALP&ASHOWS09.12.199814.04.1999APPRAISALP&AGAS/CONDENSATE03.02.200603.07.2006APPRAISALPLUGGEDGAS/CONDENSATE01.11.201626.01.2017WILDCATRE-CLASS TO DEVGAS -
Wellbores – development
Wellbores – development Wellbore nameEntered dateCompleted datePurposeContent13.02.201703.04.2017PRODUCTIONNOT APPLICABLE25.07.202211.10.2022PRODUCTIONGAS/CONDENSATE20.02.201426.05.2014PRODUCTIONGAS/CONDENSATE29.04.201522.06.2015PRODUCTIONGAS09.06.201411.04.2015PRODUCTIONGAS/CONDENSATE02.01.202330.04.2023PRODUCTIONGAS/CONDENSATE23.01.201407.02.2014INJECTIONWATER08.07.201520.09.2015PRODUCTIONGAS16.07.201718.08.2017PRODUCTIONGAS14.04.201609.08.2016PRODUCTIONGAS/CONDENSATE05.04.202207.06.2022PRODUCTIONGAS/CONDENSATE01.11.201626.01.2017PRODUCTIONGAS16.12.201215.09.2013PRODUCTIONGAS07.12.201215.06.2013PRODUCTIONGAS17.12.202104.02.2022PRODUCTIONDRY28.09.201311.12.2013PRODUCTIONGAS06.04.201731.05.2017PRODUCTIONGAS/CONDENSATE01.09.201721.10.2017PRODUCTIONGAS/CONDENSATE30.09.201519.12.2015PRODUCTIONGAS18.01.201619.03.2016PRODUCTIONGAS/CONDENSATE15.10.201226.10.2012OBSERVATIONNOT APPLICABLE29.10.201225.11.2012INJECTIONCUTTINGS19.04.201613.10.2016PRODUCTIONGAS -
Wellbores – other
Wellbores – other Wellbore nameEntered dateCompleted datePurposeStatus