"Valemon" News

Statoil’s Valemon on stream

Jan 13, 2015

Statoil shows the process of getting its US$2.9 billion Valemon field on stream.  The high-pressure, high-temperature, gas and condensate development, located in the Norwegian sector of the North Sea, started production on 3 January…

Valemon comes on stream

Jan 04, 2015

The Statoil-operated, NOK 22.6 billion Valemon high-pressure, high-temperature, gas and condensate development in the Norwegian sector of the North Sea started first production yesterday (3 January).  The Valemon field, containing an estimated 192 MMboe recoverable reserves…

Low oil prices could persist into 2017

Feb 19, 2015

Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017.  The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…

Statoil’s Valemon topsides installed

Jul 28, 2014

Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…

Valemon topside arrival

Jul 29, 2014

Statoil released a video showing the Valemon topside arriving on 26 July 2014 near Stavanger, Norway after a 40-day trip from South Korea. The topsides set sail in June from the Geoje yard in South Korea, where Statoil contracted…

Statoil agrees $1.3 billion Wintershall deal

Sep 12, 2014

Statoil has agreed to sell off stakes in the Aasta Hansteen spar development, the Polarled pipeline, and a discovery neighboring Aasta Hansteen to Germany’s Wintershall in a US$1.3 billion deal.  As part of the deal, Statoil will also…

Gudrun officially launched

Aug 19, 2014

Statoil and Norwegian Prime Minister Erna Solberg officially opened the company's new Gudrun platform, on the Norwegian Continental Shelf (NCS).   Gudrun installation. Photo from Statoil…

Statoil, Schlumberger enter NCS agreement

Aug 08, 2014

Statoil awarded Schlumberger Norway a contract to provide integrated drilling services and exploration drilling on the Norwegian continental shelf (NCS). Licenses are for Gullfaks, Gullfaks Satellites, Snorre, Statfjord, Tordis/Vigdis…

Heavy hitters in heavy lifting

Aug 04, 2014

The Dutch have long dominated the heavy lifting market, especially offshore, and the country’s domination looks set to continue. Earlier this year, Allseas announced plans to build a new vessel that will top by 50% the capacity of its already enormous Pieter Schelte…

Valemon topside en route to Norway

Jun 16, 2014

The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…

Archer's modular Topaz makes its North Sea debut

Jun 23, 2014

The Archer Topaz modular rig, as it will look installed on the Helmdal platform. Photo from Archer.  Archer’s new vertical drilling rig is due to debut in the Norwegian North Sea later this year…

Automating assets

Jun 16, 2014

Statoil’s Valemon oil field is located 160km west of the Norwegian coast and is one of the international energy company’s largest development projects. The site contains recoverable reserves of 26 billion cu. m of gas and five million cu…

20-75MM find near Valemon

Apr 11, 2014

Statoil and its partners have made a 20-75MM boe gas and oil discovery in the Valemon Nord prospect in the Norwegian sector of the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, in production license 050, drilled by the semisubmersible drilling rig Transocean Leader…

Taking nodes to a new level

Mar 11, 2014

A truss node in heat treatment (Vulcan SFM). Deck, leg and truss nodes have been taken to a new level on Statoil's massive Aasta Hansteen spar development. Elaine Maslin reports. “Everything on the Aasta Hansteen project is on a different scale…

Scandinavia: investing to grow

Sep 01, 2013

Scandinavia’s oil and gas industry, focused on Norway and Denmark, is expecting a resurgence. Espen Erlingsen looks at trends in the sector. The North Sea is characterized by large, producing platforms with declining production. To stop the falling production in the North Sea…

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