Project Profile
Value: US$3.6 billion
Development value: US$58 billion
Location: PL050 and PL193, Blocks 34/11 and 34/10, due west of the Kvitebjørn field, 160km west of Bergen, Norwegian Sea, Norway
Peak Production: 86,000 boe/d
Water depth: 135m
Start-up Year: January 2015
Development start-up: August/September 2016
The Valemon field is located between production licence 050 and 193 in the Norwegian Sea. The gas and condensate field lies at a water depth of 135m about 160km west of Bergen. These interests in the field are subject to government approval of the Valemon unitisation agreement. Statoil submitted a plan for development (PDO) of the field, in October 2010. First production from the field is expected in 2014. The Valemon field was discovered in 1985. Statoil confirmed presence of hydrocarbons in the field with the drilling of the 34/11-5 S exploration well in June 2006. Drilling of the well was carried out from the Kvitebjørn platform to a depth of 4,370m under the sea. The 7,380m deep well was the longest high pressure / high temperature (HPHT) well ever to be drilled by Statoil.
Operators:
Statoil Petroleum A/S: Operator with 53.775% interest
Petoro AS: 30% interest
Shell: 3.225% interest
Centrica: 13% interest
Contractors:
Alliance Engineering: Conceptual Design
Aibel: FEED contract
Emerson Process Management (Norway): Framework agreement
Granherne (KBR): Front-end studies and project reviews
M-I Swaco: Provide its manage pressure drilling (MPD) services
Parker Hannifin Corporation: 11,500m of subsea cable and cable accessories
Samsung Heavy Industries: EPC - Fabrication of platform
Technip: Subsea contract
Transocean: Drilling using semi-submersible Transocean Leader
Westcon Yards (in Florø): Contract for quay rental and preparations of the topside of the Valemon platform before installation in the North Sea by the heavy lift vessel Saipem 7000
Beerenberg Corp AS: Long-term contracts for insulation, scaffolding and surface treatment services. The two new contract will replace the company’s existing contracts regarding NCS services. (January 2016)
ALTUS Intervention (a subsidiary of Qinterra AS): a long-term frame agreement with Statoil for the delivery of mechanical wireline and fishing services, as well as cased hole logging and tractor conveyance as optional services. (July, 2016)
Sub Contractors:
Agility Group: Hook-up and commissioning of the Valemon platform for Samsung
Grenland Group: FEED - Engineering work for the topsides and living quarters and seperate contract for flare tower and to construct the flare tower for Samsung
Hertel Marine: EPC - Living quarters for Samsung
Heerema: EPC - Jacket construction and installation for Samsung
IKM Ocean Design: Pipeline design
Saipem SpA: Installation of topsides for Samsung
Siem WIS: Contract for the supply of its pressure control device (PCD) services
Technip: FEED - Engineering work for the topsides and living quarters for Samsung
Vulcan SFM: 100t cast-node for Heerema