This follows agreement among a broad political majority to introduce temporary changes to the country’s petroleum tax system.
Aker BP said the changes would help unlock new field projects, leading to increased value creation for the company, its suppliers and Norway as a whole.
Kvaerner will construct the topsides and steel substructure for Hod’s new normally unmanned wellhead platform, under a NOK1-billion ($107-million) contract.
This is also the second project in the wellhead platform alliance between the company, Aker BP, and Aker Solutions. Kvaerner’s responsibilities cover design, procurement, fabrication, preparation for sea transport, and hook-up and assistance for completion on the field.
Prefabrication has already started at the yard in Verdal, western Norway, where around 400 people will work on the project at peak during the fall.
The steel jacket and topsides are expected to be ready for delivery and shipment in summer 2021, with hook-up and completion following directly afterwards.
The development will draw on experience from last summer’s delivery of the wellhead platform to the Valhall Flank West project, the first constructed through the wellhead platform alliance. According to Kvaerner, the short execution time helped Aker BP start production months earlier than under a normal execution plan.