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Norway grants more life to Spirit s Vale field

Norway grants more life to Spirit s Vale field May 17, 2021 9:40:am Summary by: Joseph Murphy Posted in: Norway grants more life to Spirit s Vale field Norway s Petroleum Safety Authority has granted Spirit Energy consent to continue producing from facilities at the Vale gas and condensate field beyond their original lifespan, the regulator reported on May 11. Spirit will now be able to continue using the facilities until June 11, 2023 in order to recover remaining reserves, the PSA said. Previously the field was expected to cease operations in either 2021 or 2022. The Norwegian Petroleum Directorate has said Value can continue producing as long as the Heimdal facility is available.

Norway: Spirit Energy granted life extension for facilities on the Vale field

Norway: Spirit Energy granted life extension for facilities on the Vale field 14 May 2021 Spirit Energy Norway consent to use the facilities on the Vale field beyond their original lifespan. In order to recover the remaining reserves on the field, Spirit Energy has been granted consent for a life extension to 11 June 2023. The consent has been given on the basis of Spirit Energy’s documentation of assessments which conclude that the facilities can continue to be operated safely and in accordance with the regulations. What is a life extension? New technology, new operating methodologies and measures that allow more oil and gas to be recovered than originally planned mean that the licensees often wish to continue using the old facilities even after they have reached their age limit.

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