The company expects that production from Valhall would build up to around 65,000 barrels of oil equivalent per day in the second half of 2013.
BP group chief executive Bob Dudley remarked that the Valhall re-development project is an important investment in the company’s North Sea portfolio.
"It is one of BP’s most complex field expansion developments and gives Valhall a further 40-year design life with the capacity to handle 120,000 barrels of oil and 143 million cubic feet of gas per day," Dudley added.
The redevelopment includes a new production, utilities and accommodation platform, an external system of bridges and walkways, a power-from-shore system, and an integrated operating environment.
BP Norway managing director Rebecca Wiles commented, "The re-development of this giant field over the past few years underpins a long future for Valhall. It is a further demonstration of our commitment to our business here in Norway."
The Valhall field, which has six separate manned platforms, is now 100% powered from shore through a 294km direct-current cable from Lista, the first field offshore Norway.
The Valhall field was discovered in 1975 and first production came in 1982. The latest redevelopment is anticipated to extend production from the field to 2050.
Hess Norge owns 64.1% in the Valhall field, but BP Norway is the operator of Valhall with the remaining 35.9% interest.
