Hod B starts production
Operator Aker BP and partner Pandion Energy report that production has started from Hod B in the southern North Sea. The first steel for Hod B was cut in Aker Solutions’ yard in Verdal, the day after the Norwegian Parliament adopted temporary changes in the petroleum tax regime in June 2020. “Production start-up from Hod B less than two years after, is great news! It demonstrates how the temporary tax changes, matured in the spring of 2020 when the industry was paralyzed by a pandemic and a sharp fall in oil prices, has had a real impact. Aker BP and Pandion Energy responded