Valves for Statoil Volve development project

Spanish valve manufacturer Lazaro Ituarte Internacional has signed a contract to supply special material gate and double expanding through conduit valves for the Statoil Volve Development project

Vetco selected Lazaro Ituarte Internacional SA for the double expanding through conduit valves to be used on the Statoil Valve Development Project.

The valves are full bore and double block and bleed, ranging from 600 to 2500 class in Duplex material and CF8M as per API 6D.

The capacity and flexibility of Lazaro Ituarte make possible the development of this challenge and they have started a national outsourcing campaign for the castings in order to fulfil the schedules and requirements of the project.

The valve field operated by Statoil in the North Sea is to be developed with a jack-up rig and storage ship chartered from Maersk Contractors Norge and Teekay Norge respectively.

The plan for development and operation (PDO) of Statoil Volve discovery in the North Sea was approved in the Norwegian Council of State on 22 April.

Oil from this field is to be produced from the Maersk Inspirer jack-up rig, with the Navion Saga tanker being used for storage.

Total development and operating cost for Volve are put at roughly NOK 6 billion, including investments of just under NOK 2 billion.

Three production wells, three water injection wells and two water production wells are due to be drilled from the platform.

Recoverable reserves are put at 70 million barrels of oil and 1.5 billion cubic metres of gas, and plateau output should be 50,000 barrels per day.

Statoil has a 49.6% interest in the licence, with ExxonMobil holding 30.4%, Total 10% and Norsk Hydro 10%.

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