STATOIL HITS GAS AT VALEMON WEST

Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent.
“This is an important discovery for the further development of Valemon,” says Gunnar Nakken, Statoil’s senior vice president for the operations west cluster, which covers the company’s Bergen-operated fields. The well was drilled 160 kilometres north-west of Bergen. This is the seventh exploration well that is being drilled in production licence 193 D, Valemon Unit. The exploration well was drilled from Valemon by the jackup rig West Elara to a vertical depth of 4,337 metres below sea level. Water depth in the area is 133.5 metres. The well is currently being completed and put on stream from the Valemon platform.
The Valemon reservoir is complex because it is fragmented and also because of its high pressure and high temperature.
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%). (Source: Statoil)