Vale is considered a satellite to Heimdal field and is connected to it by a pipeline.

[1] Estimated reserves at Vale stand at 2.5 billion cubic metres (88 billion cubic feet) of natural gas and 21 million barrels (3,300,000 m3) of gas condensate.

Production started on 31 May 2002, according to the Plan for Development and Operation approved by Norway in the spring of 2001.

[2][3] Total investment has been 800 million NOK which also included modifications on Heimdal, drilling operations, subsea templates and pipelines.

In 2012, Centrica acquired Statoil's stake and took over operatorship;[4] operatorship passed to Sval Energi upon their acquisition of Centrica's subsidiary, Spirit Energy's Norwegian assets in 2022.