Norway greenlights Aker BP's offshore Hod oil field redevelopment

Offshore staff

LYSAKER, Norway – Norway’s Ministry of Petroleum and Energy has approved Aker BP’s plan to redevelop the Hod oil field in the southern Norwegian North Sea.

Hod is one of the first projects to be realized during the temporary changes in Norwegian petroleum taxation that the Storting approved in June.

Discovered in 1974, the Hod field was in production from 1990 to 2013, when the original facility closed. The field will be developed with a normally unmanned wellhead platform with 12 well slots, Hod B, tied-back to and remotely controlled from the Valhall field center. According to Aker BP, Hod will have low CO₂ emissions due to power from shore.

Production is expected to start in 1Q 2022 and last until 2049. Recoverable reserves are estimated at 40 MMboe.

The investment estimate is NOK5.7 billion ($650 million).

The Hod field is being developed in cooperation with Aker BP’s alliance partners. The steel jacket and topsides are currently under construction at Aker Solutions’ yard in Verdal, and are expected to be transported to the field as early as summer 2021.

The company said 75% of the contract values have been allocated to Norwegian companies including:

Leirvik AS on Stord (emergency quarters and helideck)
National Oilwell Varco in Kristiansand (platform crane)
Beerenberg in Bergen (surface protection)
Parker Hannifin in Asker (hoses and couplings)
Autek AS in Drammen (instruments)
PG Flow Solutions in Holmestrand (pumps)
Tratec Halvorsen in Kvinesdal (tanks and filters)
Covent AS in Bjerkreim (air treatment facility)
Subsea 7 in Stavanger (seabed equipment/SURF)
Cre8 Systems in Sola (electrical and hydraulic systems)
Westcon Yards in Vindafjord (deck hatches)
Karmøy Trading in Karmøy (platform furnishing and fixtures, etc.)
ABB in Bergen and Oslo (control system)
Mare Safety in Ulsteinvik (MOB boat)
Aker Solutions in Moss (umbilicals) and in Sandnessjøen (prefabrication and steel components for the deck).