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.