Statoil: Valemon field officially opened

Petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea today. Expected recoverable reserves from the field are 192 million barrels of oil equivalent. “Valemon is one of several new projects on the Norwegian continental shelf that contribute to value creation, activity and innovation,” says Arne Sigve Nylund, executive vice president for Development & Production Norway.