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6/13/2011 - STATOIL TO ADVANCE WITH VALEMON DEVELOPMENT AFTER PDO APPROVAL |
| Norwegian authorities have approved the PDO for Statoil’s Valemon gas and condensate field. Production start-up is planned for 2014. The partners will invest almost NOK 20 billion in the platform, pipelines and production wells. Development of Valemon involves a fixed platform with a steel jacket for the separation of gas, condensate and water. The normally unmanned platform will be remotely controlled from the Kvitebjorn platform when drilling operations are completed in 2016 and 2017.
Gas from the Valemon field will be transported via Heimdal to the European markets. The condensate will be piped via Kvitebjorn to the Mongstad refinery near Bergen.
The contract for building the Valemon topsides was recently awarded to Samsung Heavy Industries, following broadly based international competition between pre-qualified suppliers. The contract is worth an estimated NOK2.3 billion.
Design work will be carried out by the Grenland Group in Sandefjord, Norway and Technip in Malaysia. Grenland Group will also build the flare stack. Hertel Marine in the Netherlands will be responsible for the construction of the accommodation quarters.
The contract for steel jacket construction was previously awarded to Heerema Vlissingen B.V., while Heerema Marine Contractors Nederland B.V. landed the contract for transport and mating of jacket and topsides.
Saipem was awarded the contract for installation of the topside facilities. Pipeline design was awarded to IKM Ocean Design. |
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