Aker BP's Hanz oil and gas field has entered production phase. The field is part of licence 028B, located in the Norwegian section of the North Sea, and it has been developed as a tieback to the Ivar Aasen platform, also operated by Aker BP nearly 15km away.
Discovered in 1997, Hanz is calculated to hold approximately 20 million barrels of oil equivalent (boe). The project has gathered so far an investment of over US$450m.
Besides Aker BP's operating stake of 35%, the field is also owned by Equinor (50%) and Sval Energy (51%).
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