OSLO, Jan 3 (Reuters) - Norwegian oil and gas firm Statoil has started up the Valemon gas and condensate field inNorth Sea on Saturday and expects to recover up to 192 millionbarrels of oil equivalents over the field's lifetime, it said ina statement.
Valemon, a high pressure and high temperature field, willcost 22.6 billion crowns ($3.0 billion) once all productionwells are in operation, Statoil said.
Shareholders in the field include Statoil (53.77 percent),state holding firm Petoro (30 percent), Centrica (13percent) and Royal Dutch Shell (3.23 percent). (Reporting by Balazs Koranyi, editing by Stine Jacobsen)