| Vale gas field | |
| Location Map: | North Sea |
| Country: | Norway |
| Region: | North Sea |
| Offonshore: | offshore |
| Coordinates: | 59.7062°N 2.3105°W |
| Relief: | yes |
| Operator: | Sval Energi |
| Partners: | Sval Energi LOTOS PGNiG |
| Est Gas Bcm: | 2.5 |
Vale (no|Valefeltet) is an offshore gas field in the North Sea located north of the Heimdal gas field. The depth of the water in the field area is 115m (377feet). Vale is considered a satellite to Heimdal field and is connected to it by a pipeline.[1] Estimated reserves at Vale stand at 2.5e9m3 of natural gas and 21Moilbbl of gas condensate.[2] Vale gas field is expected to produce 1.6e6m3/d of natural gas and of condensate.
Production started on 31 May 2002, according to the Plan for Development and Operation approved by Norway in the spring of 2001.[2] [3] Total investment has been 800 million NOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.[2]
The Vale field is operated by Sval Energi (50%) with LOTOS holding 25.757% and PGNiG holding 24.243% of the stake.[4]
The field was originally operated by Norsk Hydro. In 2007, the operations were transferred to Statoil as a result of the merger between Statoil and Hydro Oil & Gas. In 2012, Centrica acquired Statoil's stake and took over operatorship;[4] operatorship passed to Sval Energi upon their acquisition of Centrica's subsidiary, Spirit Energy's Norwegian assets in 2022.[5]