Aker BP confirmed on 4 December 2017 that it has agreed to sell a 10% interest in both Hod and Valhall to Pandion Energy (the cash sum involved remains undisclosed). The PDO for the Valhall West Flank project is expected to be submitted before the end of 2017. The deal is subject to government approval and should close in late December 2017.  This deals follows the announcement in October 2017 that Aker BP is acquiring Hessâ Norwegian subsidiary, Hess Norge AS, giving the former a 100% stake in Hod and Valhall. By January 2017 Valhall and Hod had together produced 1 Bboe, more than three times what was expected in the original PDO. Aker BP has ambitions to produce at least another 500 MMboe over the fieldâs lifetime, hence the new PDO for the West Flank project. The development will comprise an unmanned wellhead platform tied back to Valhall and first oil is expected in 2020. The platform will have 12 slots although only six wells (producers) will be drilled initially with the option to convert two into water injectors at a later date. The project is set to recover an additional 65 MMboe and will contribute towards extending field life until 2050. Additional projects are also being considered. Following completion of the deal, interest in the licences covering Hod and Valhall - PL 006 B, PL 033 and PL 033 B - will be held by Aker BP ASA (90% + operator) and Pandion Energy AS (10%). Â  Â 
Norway (Lindesness Ridge (Central Graben)) Valhall