Located in production licence 028 B, the subsea field development is tied into the Ivar Aasen platform about 15km further south. Discovered in 1997, the Hanz field holds estimated recoverable resources of 3.1 million standard cubic metres of oil equivalent, translating to approximately 19.65 million barrels of oil equivalent. Aker BP said the development costs for the Hanz field are around Nkr5bn ($453m). The project saw the repurposing of subsea production systems from the Jette field, a first for the Norwegian Continental Shelf (NCS). This optimised solution has led to reduced power consumption, chemical use and ... (full story)