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% 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 million m3 oil equivalents.
The plan is to resume production at the beginning of 2022. The total investment costs for the redevelopment are estimated at NOK5.7 billion.
The Hod development is Aker BP’s first project to be launched as a direct result of temporary changes recently made to the Norwegian petroleum tax system.
“It is very gratifying that the companies have found it profitable to redevelop Hod to increase recovery of the remaining resources,” said Arvid Østhus, assistant director in Development and operations.
Image courtesy of Aker BP
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/25062020/aker-bp-submits-hod-field-development-plan/