Submitting plan for development and operation for Hod
Aker BP and Pandion Energy today submitted the plan for development and operation (PDO) for Hod to the Ministry of Petroleum and Energy. The Hod field will be developed in collaboration with Aker BP’s alliance partners with a normally unmanned installation remotely controlled from the Valhall field centre, with very low CO2 emissions due to power from shore. Hod is among the first projects to be realized under the temporary changes to the Norwegian petroleum tax system recently introduced.Total investments for the development are estimated at around USD 600 million and the total employment