Aker BP lets contract for Valhall hub modules construction

Aker BP ASA let a letter of intent to Rosenberg Worley for construction of two modules for a new central platform on Valhall field in the North Sea.

The operator and partners plan to establish Valhall as a gas hub in the southern North Sea to provide gas deliveries to Europe and extend the life of the area to 2060. The project, Valhall PWP–Fenris (previously NCP/King Lear), is being delivered by a fixed infrastructure alliance between Aker BP, Aker Solutions, and ABB.

Valhall PWP consists of three large modules totaling more than 15,000 tonnes. The process module will be built by Aker Solutions on Stord. Rosenberg Worley will deliver the wellbay module and the utility module. The platform also will be assembled on Stord.

The letter of intent presumes approval of plan for development and operation (PDO) and is valued at about NOK 1.6 billion. Construction is scheduled to start in autumn 2023.

Aker BP and Valhall PWP–Fenris partners Pandion Energy AS and PGNiG Upstream Norway AS plan to invest NOK 40-50 billion in the project and expect to submit the PDO near yearend.

Aker BP is operator at Valhall (90%) with partner Pandion Energy (10%).