Spirit extends Vale field life in Norway
Spirit Energy has received consents from the Petroleum Safety Authority and the Ministry of Petroleum and Energy for extended use of the facilities on the Vale field.
Spirit Energy’s Asset Manager for operated assets in Norway, Petter Myhre, said: “Vale has been producing consistently above forecast since Q2 2020 after new topside equipment was installed on the Heimdal host. The license group has invested about £17 million on this new topside kit.”
Vale is a subsea gas/condensate field located in the Norwegian part of the Central North Sea. The field is developed with a subsea template, which is tied back to the Heimdal platform via a 16-kilometre-long pipeline.
The well stream from Vale is routed to Heimdal for processing and export. Gas is transported via Vesterled to St Fergus in the UK. Condensate is transported by pipeline to the Brae field in the UK sector and further to Cruden Bay.
Mr Myhre said: “Vale had been expected to cease production in the 2021/22 period. However, our team has done a great job in achieving stable production rates above plan from the field, and we are excited that we now have permission from the Norwegian authorities to continue production until June 2023.”
Heimdal life also extended
Spirit Energy and the Heimdal partners have also decided to extend operations at the Heimdal gas centre to 2023.
Since the start-up in 1985, Heimdal has produced 332 million barrels of oil equivalent. In addition, Heimdal has processed approximately the same volume of oil and gas from the satellite fields Huldra, Skirne, Atla, Valemon and Vale.
Heimdal has delivered large gas volumes to Europe and when the field eventually shuts down, it will have produced and processed about 700 million barrels of oil equivalent and generated revenues estimated at about £23 billion (NOK 260 billion) for the partners processing at Heimdal and for Norway.