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Aker BP & Pandion Submit plan for development for Hod

Gasoil News - Published on Sat, 27 Jun 2020

Image Source: Valhall Flank South platform
Aker BP and Pandion Energy have submitted the plan for development and operation for Hod to the Norwegian Ministry of Petroleum and Energy. 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. The field was in production via a dedicated unstaffed wellhead platform, remote-controlled from Valhall, from 1990 until it was shut down in 2012. There has also been limited production from the Hod field via the Valhall Flank South platform. When the Hod wellhead platform was shut down, just 20 per cent of the resources in place had been produced. The shutdown platform will be removed in accordance with a previously approved cessation plan. The field will be redeveloped by installing a new wellhead platform tied in to the Valhall field centre. The recoverable reserves are estimated at about 6.4 mega standard cubic metres per day oil equivalents.

Total investments for the development are estimated at around USD 600 million and the total employment effect is estimated to 5000 FTEs. Production start is planned for first quarter 2022. Recoverable reserves for Hod are estimated at around 40 million barrels of oil equivalents. Aker BP is the operator with 90 percent ownership interest. Pandion Energy is partner with 10 percent interest.

Hod will be developed in collaboration with Aker BP’s alliance partners. Five alliances will be involved, in line with Aker BP’s strategy for increased value creation through alliances and strategic partnerships. The steel jacket and topside will be constructed by Kvaerner Verdal.

Hod will be developed with a Normally Unmanned Installationremotely controlled from the Valhall field centre. Five wells with sidetracks will be drilled in order to increase recovery.

Hod will receive power from shore via Valhall field centre.

Hod will be delivered with an electric lifeboat. The lifeboat is monitored from the Valhall field centre. Both the crane and seawater pump are electric and receive power from shore via the Valhall field centre. All of this contributes to reduced need for maintenance.

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Posted By : Yogender Pancholi on Sat, 27 Jun 2020
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