Tax changes trigger new investments
A broad political majority in Norway has announced an agreement to make temporary changes to the Norwegian petroleum tax system. The changes will strengthen Aker BP’s investment capacity and help to unlock new field development projects. This will contribute to higher activity and increased value creation for Aker BP, its suppliers and the Norwegian society at large. The Hod development in the Valhall area is the first project to be launched as a direct result of the tax changes. This project benefits from the experience and competence gained from the recently completed development of