Project Profile

Value: US$500 million  
Startup Year: 2015
Location: Block 2/11, Norway
Reserves: 4 million barrels of remaining recoverable reserves
Production (cumulative): approximately 60 million barrels of oil to date

The Hod field has produced approximately 60 million barrels of oil to date and has only 4 million barrels of remaining recoverable reserves. The field is understood to have an estimated 370 million barrels of oil held in the Hod\'s chalk reservoir. Options to increase recovery at the field could include the drilling of new wells, a revamp of the existing wellhead facility, or even a new unmanned platform.

Operators:

BP: Operator with 27.5% interest

Pandion Energy: 10% interest

Hess Corporation: 62.5% interest


Contractor:

ABB: frame agreement with BP Norway for maintenance, modification and service of the safety and automation systems

KBR: Pre-FEED

Aker Solutions: Contract to provide engineering, modifications and maintenance services, as well as a number of decommissioning services. The contract has a fixed period of five years valued at as much as NOK 3.2 billion. It also contains options to extend the agreement by as many as four years. The accord starts on December 1, 2015 on expiration of an existing agreement for similar services. The work will be managed and executed by Aker Solutions\' maintenance, modifications and operations units in Stavanger and Sandnessjøen and at the company\'s fabrication yard in Egersund.