Statoil orders special material gate valves
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Lazaro Ituarte Internacional product story
Edited by the Engineeringtalk editorial team
May 6, 2005
Spanish industrial valve manufacturer Lazaro Ituarte Internacional has signed a contract to supply special material gate valves for the Statoil Volve Development Project in Norway.
Spanish industrial valve manufacturer Lazaro Ituarte Internacional has signed a contract to supply special material gate valves through conduit double expanding API 6D for the Statoil Volve Development Project in Norway.
Vetco selected Lazaro Ituarte Internacional for the double expanding through conduit valves for the Statoil Volve Development Project.
The type of valves full bore and double block and bleed for this project range from 600 to 2500 class in duplex material and CF8M as per API 6D.
The Volve 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's Volve discovery in the north Sea was approved in the Norwegian Council of State on 22nd April.
Oil from this field is to be produced from 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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