Statoil Makes Gas Discovery Within North Sea Valemon Field

Statoil Makes Gas Discovery Within North Sea Valemon Field
Statoil makes a new gas discovery on the Valemon field, called Valemon West, 2 years after the asset came on stream.

Statoil has made a new gas discovery on the Valemon field, called Valemon West, two years after the asset came on stream.  

The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent, according to a Statoil statement.

“This is an important discovery for the further development of Valemon,” Gunnar Nakken, Statoil’s senior vice president for the operations west cluster, said.

"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," he added.

The well, which is situated 100 miles northwest of Bergen, was drilled to a vertical depth of 14,229 feet below sea level. 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Wood Group Engineers to Carry Out Sakh... (May 22)
 -  Sentinel Marine Takes Delivery of New ... (May 22)
 -  Schlumberger Signs MoU with Saudi Aram... (May 22)
 -  BP Staff Raise Money for 4 Charities w... (May 19)
 -  Norwegian Production Drops Month-on-Mo... (May 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Fluids Analysis Specialist
Expertise: Chemist|Geochemist
Location: Houston
 
Senior Geophysicist / Geologist
Expertise: Geologist|Geophysicist
Location: Knoxville, TN
 
Asset Analyst
Expertise: Asset Management|Financial Analyst
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours