Aker BP: Hanz on stream
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2024
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Source: PRnewswire
- Production Commencement: Aker BP announces the start of production from the Hanz field in the North Sea, operated by Aker BP with Equinor and Sval Energy as partners.
- Investment and Reserves: Total investments for the Hanz field are estimated at close to NOK 5 billion, with reserves around 20 million barrels of oil equivalent (mmboe).
- Innovative Solutions: Aker BP CEO highlights the success of collaborative work with suppliers, innovative solutions like reusing infrastructure, and using a cross-flow well to reduce costs and emissions.
- Environmental Impact: The development solution for Hanz aims to be more cost-efficient and environmentally friendly, with minimized CO2 emissions through reduced power consumption and chemical use.
- Operational Details: The Ivar Aasen field, where Hanz is tied into, receives power from the Edvard Grieg platform and will transition to power from shore via the Johan Sverdrup field to further reduce CO2 emissions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
