The plan for development and operation of the Valemon gas and condensate field in the North Sea has been approved by the Norwegian parliament. Production start-up is planned for 2014. The Valemon field is one of Statoil’s largest development projects on the Norwegian continental shelf (NCS) in the next few years.  The recoverable reserves are estimated at 206 million barrels of oil equivalents – including 26 billion cubic metres of gas, five million cubic metres of condensate and one million cubic metres of natural gas liquids (NGL). Read More