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Statoil makes gas discovery

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LNG Industry,

Two years after Valemon came on stream, Statoil has announced that it has made a new gas discovery on the field – Valemon West. It is estimated that the discovery contains between 20 and 50 million boe.

Gunnar Nakken, Statoil’s Senior Vice President for the Operations West Cluster, which covers the company’s Bergen-operated fields, said: “This is an important discovery for the further development of Valemon.

"These new reserves can be put on stream immediately and will add considerable value. The discovery proves that there are still good opportunities in the North Sea, an area we know well, and its infrastructure is extensive.

Statoil’s Head of Exploration in Norway and the UK, Jez Averty, added: “We are very pleased to announce our second discovery in 2017. Discoveries like this one and Cape Vulture are valuable contributions to existing fields.”

The well was drilled 160 km north-west of Bergen, and is the seventh well that is being drilled in production license 193 D, Valemon Unit.

The exploration well was drilled from Valemon by the jackup rig West Elara to a vertical depth of 4337 m below sea level. It is currently being completed and put on stream from the Valemon platform. Water depth in the area is 133.5 m.

Statoil claims that the Valemon reservoir is complicated because of its high pressure and high temperature, as well as the fact that it is fragmented.

The Valemon Unit partners are Statoil Petroleum AS (operator, 53.775%), Petoro AS (30%), Centrica Resources (Norge) AS (13%) and A/S Norske Shell (3.225%).

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