OSLO, NORWAY, 23 MARCH 2018
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for Valhall Flank West development on Friday 23 march.
Aker BP ASA is the operator of the Valhall and Hod fields. Pandion Energy AS holds 10% ownership interest in the Valhall area, including licenses PL006B, PL033 and PL033B.
Valhall is one of the largest oil fields in the southern part of the Norwegian sector in the North Sea. The Valhall Flank West project aims to continue the development of the Tor formation in Valhall on the western flank of the field, with startup of operation in fourth quarter 2019.
Valhall Flank West will be developed from a new Normally Unmanned Installation (NUI), tied back to the Valhall field centre for processing and export.
Recoverable reserves for Valhall Flank West are estimated to be around 60 million barrels of oil equivalent.
Further details available from the Ministry’s website (Norwegian only).