| Vale gas field | |
|---|---|
  Location of Vale gas field | |
| Country | Norway |
| Region | North Sea |
| Offshore/onshore | offshore |
| Coordinates | 59°42′22.43″N2°18′37.83″E / 59.7062306°N 2.3105083°E /59.7062306; 2.3105083 |
| Operator | Sval Energi |
| Partners | Sval Energi LOTOS PGNiG |
| Field history | |
| Start of production | 31 May 2002 (2002-05-31) |
| Production | |
| Estimated gas in place | 2.5×10 |
Vale (Norwegian:Valefeltet) is an offshoregas field in theNorth Sea located 16 kilometres (9.9 mi) north of theHeimdal 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.[1] 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.[2] 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.
Production started on 31 May 2002, according to the Plan for Development and Operation approved by Norway in the spring of 2001.[2][3] Total investment has been 800 millionNOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.[2]
The Vale field is operated bySval Energi (50%) withLOTOS holding 25.757% andPGNiG holding 24.243% of the stake.[4]
The field was originally operated byNorsk Hydro. In 2007, the operations were transferred toStatoil as a result of the merger between Statoil and Hydro Oil & Gas. In 2012, Centrica acquired Statoil's stake and took over operatorship;[4] operatorship passed to Sval Energi upon their acquisition of Centrica's subsidiary, Spirit Energy's Norwegian assets in 2022.[5]
