Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 23, 2021

Hod Redevelopment Conventional Oil Field, Norway

By Carmen

Hod Redevelopment is a conventional oil development located in shallow water in Norway and is operated by Aker BP. Hod Redevelopment lies in block 2/11P (PL 033), with water depth of around 236 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2020. The development cost is expected to be $600 m. The Hod Redevelopment conventional oil development will involve the drilling of approximately five wells and includes wellhead platform.

Field participation details

The field is owned by Aker BP and Pandion Energy.


Production from Hod Redevelopment

Production from the Hod Redevelopment conventional oil development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 18,473 bpd of crude oil and condensate, 9 Mmcfd of natural gas and 513 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 77.42 Mmboe, comprised of 70.68 Mmbbl of crude oil & condensate, 30.23 bcf of natural gas reserves and 1.7 Mmbbl of natural gas liquid reserves.


Contractors involved in the Hod Redevelopment conventional oil field

Some of the key contractors involved in the Hod Redevelopment project as follows.

Main EPC: Apply and Subsea 7

EPC Contractors: Aker Solutions and Kvaerner

Other Contractors: ABB, Aker Solutions, AUTEK, Beerenberg Services and Covent

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

About Aker BP

Aker BP ASA (Aker BP), formerly Det norske oljeselskap ASA, is an independent oil and gas exploration and production company. It mainly focuses on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Its operated producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. Aker BP also has participating interest in other producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has offices in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU