Hod Redevelopment is a producing conventional oil field located in shallow water in Norway and is operated by Aker BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 2/11P (PL 033), with water depth of 236 feet. Buy the profile here.
Field participation details
The field is owned by Aker BP and Pandion Energy.
Production from Hod Redevelopment
The Hod Redevelopment conventional oil field recovered 4.32% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 18.47 thousand bpd of crude oil and condensate, 9.00 Mmcfd of natural gas and 0.51 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060.
Remaining recoverable reserves
The field is expected to recover 74.07 Mmboe, comprised of 67.67 Mmbbl of crude oil & condensate, 28.72 bcf of natural gas reserves and 1.62 Mmbbl of natural gas liquid reserves. Hod Redevelopment conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
About Aker BP
Aker BP ASA (Aker BP) is an independent oil and gas exploration and production company. Its exploration, development and production activities on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It also includes in 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 operations in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.
For more details on the Hod Redevelopment Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
