Aker BP's Hod project gets greenlight
Norway has approved the plan for the development and operation (PDO) for the HOD field that Aker BP and partner Pandion Energy submitted in June.
The Hod field will be developed in collaboration with Aker BP’s alliance partners with a normally unmanned installation remotely controlled from the Valhall field centre, with very low CO2 emissions due to power from shore.
First oil from the new Hod platform – which will be named Hod B – is planned for first quarter 2022.
Hod is one of the first projects to be realized during the temporary changes in Norwegian petroleum taxation that the Storting approved in June.
The Hod development provides activity and jobs for suppliers located in all parts of Norway; Aker BP has already awarded 100 contracts above one million NOK to suppliers in 23 municipalities in nine counties around the country.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says
Oil Falls After Weak Technicals Accelerate Supply-Driven Losses
Buffett’s Annual Letter May Give Much Needed Support to Japanese Stocks
Oil Edges Lower With Focus on US Stockpiles, Supply Uncertainty
Oil Climbs With Focus on OPEC+ Output Plans and Ukraine Talks
Diamondback Energy announces $4.08 billion acquisition to expand Permian presence
Oil Holds Declines on Prospect of Higher Russia, Iraq Supplies
Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump
EPA Terminates Nearly 400 Workers Amid US Government Purge
