Jan. 2013 - BP's Valhall re-development project continues with the recent start-up of new facilities attached to the complex. The project includes a new production, utilities and quarters (PUQ) platform and a system of bridges and walkways to link the new platform to the complex. Additionally, the facilities are now 100% reliant on shore power which will reduce direct emissions from the field to almost zero. With the addition of the PUQ, the Valhall complex comprises six fully manned platforms consisting of: living quarters, drilling, production, wellhead, water injection and the new PUQ. The complicated expansion project is designed to give the field an extra forty years of commercial life. With the new facilities, online production is expected to reach 65,000 boepd in the second half of 2013.

Jul. 2012 - WGP has completed the 15th Life of Field Seismic (LoFS) survey over the Valhall field in the North Sea for BP. The company acquired the full data set of 2,552 kilometers in six weeks, which included time for mobilization and demobilization. This data will help enhance the life of the Valhall field, stated the company.

Jul. 2012 - BP Norge AS (BP) received approval from Norway's Petroleum Safety Authority (PSA) to use the Safe Scandinavia facility as a flotel on the Valhall field from July 1, 2012 to January 1, 2013. Aker Verdal's Safe Scandinavia was built in 1984 and has been contracted for the Valhall field numerous times with the last contract expiring in March 2012. The 583-bed facility received the PSA's Acknowledgement of Compliance in April 2007.

Mar. 2012 - BP will extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014. The original maintenance and modification contract was signed in 2005. Scope of work under the contract includes maintenance support services and brownfield modification projects covering engineering, procurement, fabrication and offshore installation. Maintenance and modification work will help to increase oil recovery rate and extend the life of BP's fields.

Oct. 2011 - Petroleum Safety Authority Norway granted BP approval for the continued use of the PCP process facility on the Valhall field. The consent extends its usage beyond its design lifetime and until Dec. 31, 2011. The Valhall redevelopment project was initiated as a consequence of subsidence and aging of the QP living quarters platform, the DP drilling platform and the PCP process platform. This entails the installation of a new integrated process and living quarters platform, which was scheduled to become operational in 2010. Due to delays, the planned date for removing PCP from operations must be postponed until 2012. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Sep. 2011 - Production at the Valhall oil platform resumed Saturday and production will continue to ramp up over the next couple of days, reported BP. Before the fire erupted, production at the facility had produced nearly 42,000 bopd of Ekofisk crude. According to Dow Jones, Ekofisk is the second-largest component of overall benchmark Brent that is used to estimate more than half of the world's oil. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Aug. 2011 - BP awarded KBR a contract to perform pre-FEED engineering studies for the Hod redevelopment project. The work scope includes engineering services for the development of a replacement stand-alone wellhead platform in the Norwegian sector of the North Sea. The pre-FEED study will provide the basis for a decision to proceed to the Define Stage of the Hod redevelopment project. Hod is located on Block 2/11 in 236 feet (72 meters) of water and is operated by BP.

Jul. 2011 - According to Dow Jones, BP has reported that the Valhall oil platform sustained moderate damage in a July 13 fire, but production at the facility might not resume until mid-August while a safety assessment is being conducted. The platform fire shut down nearly 60,000 bopd of crude production. Prior to the shut down, production from the field was flowing at a rate of 42,000 bopd, and it should take about two days to reach plateau production after restart. Additionally, BP and regulatory authorities are conducting independent investigations into the cause of the fire with results expected in September.

Jul. 2011 - BP has evacuated personnel from its Valhall oil platform in the Norwegian sector of the North Sea after a fire erupted, stated Reuters. The fire started in a compressor on the production platform in the oil field on Wednesday. "No persons are injured and no one is missing," BP spokesman Jan Erik Geirmo told state broadcaster, NRK. "We see this as a serious incident." The company has closed the field's production until further notice. The Valhall oil field lies in the Norwegian sector of the North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. Hess currently owns 64% of the Valhall field, while BP holds the remaining 36%.

Mar. 2011 - BP has extended the maintenance and modification contract with Aker Solutions, exercising a one-year option in the existing agreement for the Ula, Valhall, Hod and Tambar fields. The work scope includes engineering, procurement, fabrication, installation and maintenance support services. The contract also includes hook-up and completion of the new PH platform at Valhall and tie-in of Oselvar to the Ula field. Work under the new options is expected to last until April 2012. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Jan. 2011 - BP Norge AS has exercised two three-month options for the use of the MSV Regalia and the Safe Scandinavia accommodation rigs at the Valhall offshore facility in the Norwegian sector of the North Sea. The first three months, commencing in July, allow for the continued use of the MSV Regalia. The Safe Scandinavia will complete the remaining three months commencing October 2011. The value of the exercised options is valued at US $44.9 million. Additionally, Prosafe has granted an additional two-month option beginning in January 2012, if exercised. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Jan. 2011 - HB Rentals signed a contract to supply accommodation units on BP's Regalia Platform on the Valhall field. The company will supply four A60, Zone II NORSOK-compliant office modules to the platform. The units were supplied from HB Rentals' Norway base in Dusavik, Stavanger. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Oct. 2010 - Technocean, a subsidiary of Reef Subsea, signed a two-year service agreement with BP Norge for integrated subsea services in the North Sea. Once signed, a purchase order for the Valhall LoFS rectification work was awarded. The work consists of subsea structure replacement, cable repair, recovery and reinstallation, dredging, general survey and inspection work. The operation began in September onboard the Technocean vessel Volstad Surveyor. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.09%; and Norske Shell AS holds the remaining 28.09%.

Jun. 2010 - Hess Corporation has seized interests in the Valhall and Hod fields offshore Norway, pre-empting Total's sale to BP. Hess will gain additional interests of 7.85% in Valhall and 12.5% in Hod for a sum of US $496 million in cash. Together, with the previously announced trade between Hess and Shell, the transaction will bring Hess' interest in Valhall and Hod to 64.05% and 62.50%, respectively. Both dealings are subject to approval by authorities and are expected to close near the end of the third quarter.

Jun. 2010 - BP Norge awarded a three-year Tubular Running Serices Contract to Odfjell Well Services for the Valhall and Skarv fields. Work commenced on June 1, 2010, and for the next five years, BP Norge will drill development wells on both fields. Both fields are located in the Norwegian sector of the North Sea.

May. 2010 - The Petroleum Safety Authority Norway gave consent to BP Norge AS to use QP and PCP on the Valhall field beyond their design lifetime. The granted consent allows BP to use QP until Sept. 1, 2012 and PCP until Dec. 31, 2011. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water. BP serves as the operator and holds a 43.81% interest; Hess Norge AS holds 28.10%; and Norske Shell AS holds the remaining 28.09%.

Apr. 2010 - Total has agreed to sell its interests in the Valhall (15.72%) and Hod (25%) fields to BP. The transaction, amounting to US $991 million, is subject to partners' consent and approval by relevant authorities in the upcoming weeks. The Valhall oil field is located on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water, and is operated by BP. In 2009, the field reached an average equity production of about 8,000 barrels of oil equivalent per day. Hod is located on Block 2/11 in 236 feet (72 meters) of water and is also operated by BP. Commencing production in 1990, Hod reached an average equity production of approximately 1,000 boepd in 2009.

Feb. 2010 - The Valhall Production and Hotel platform's main deck is nearing completion at the Heerema Zwijndrecht facility - the deck left the fabrication hall to be moved outside for further completion work. The new 11,000-ton main deck will measure 100 meters long, 47 meters wide and 50 meters high. Once completed, the topsides will leave the Heerema Zwijndrecht location in May/June 2010 for their final destination in the Norwegian sector of the North Sea. The completed topsides will have a weight of more than 13,000-tons, excluding power-from-shore module and living quarters. BP serves as the operator of the facility's destination (the Valhall field) and holds a 28.09% interest; Hess Norge AS holds 28.09%; Norske Shell AS holds 28.09%; and Total E&P Norge AS holds the remaining 15.72%.

Dec. 2009 - BP contracted Aker Solutions to hook-up a process and hotel (PH) platform for the Valhall field in the North Sea (contract value is about $800 million). With construction of the modules for the platform underway, delivery to the field as well as commissioning and hookup activities are scheduled to begin by the mid-2010. The PH platform will be located on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water with a bed capacity of 150 personnel, an oil production capacity of 150,000 bopd, gas handling capacity of 175 MMcf/d, and total liquid capacity of 250,000 bpd (oil and water).

Oct. 2009 - In Subsea 7's 3Q reports, the company announced four of their construction vessels, including the Seven Seas and Seven Sisters, were working on umbilical lay, riser installation and tie-ins on BP's Valhall Re-Development project. The Valhall field is located 180 miles (290 kilometers) off the southwest coast of Norway in 230 feet (70 meteres) of water in the Norwegian sector of the North Sea. In July 2009, it was announced that Subsea 7 was warded a contract from BP Norway, for engineering, procurement, installation and commissioning (EPIC) of the Valhall Flank Gas Lift Pipelines and Wellhead Platform Riser Caisson project in the Norwegian sector of the North Sea. The offshore operations are due to take place in two campaigns commencing summer 2010.

Sep. 2009 - Aker Solutions entered into a frame agreement with BP Norge AS to provide well intervention services on all BP-operated assets, including Valhall, Ula and the future Skarv development, on the Norwegian Continental Shelf. The initial contract period is for three years, with two additional one-year options. Aker Solutions estimates that the agreement will generate annual revenue of approximately US $5 million (NOK 35-40 million). Under the agreement, Aker Solutions will provide mechanical wireline, wireline tractor and production logging services, which are all services that aim at maintaining and increasing the production of oil and gas.

Sep. 2009 - BP Norge received consent to carry out manned subsea operations on Valhall IP and Valhall with the vessel DSV Seven Pelican. BP plans to conduct diving operations at the beginning of September to install five reinforcement clamps on the Valhall IP facility, and to remove anodes and doubling plates from the substructure of the Valhall WP facility. The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water.

Jul. 2009 - BP was granted consent to use the mobile living quarters facility MSV Regalia on the Valhall field. BP needs to accommodate more contractor employees on the Valhall field in connection with work on the new process and living quarters facility (Valhall PH). The Valhall oil field lies in the Norwegian North Sea on Blocks 2/8 and 2/11 in 230 feet (70 meters) of water.

Jul. 2009 - BP was granted consent to carry out major modifications in connection with the gas lift project on the Valhall Flank Platforms in the Norwegian North Sea. The consent applies to preparation for, installation and commissioning of gas lift modules on Valhall Flank North and Valhall Flank South with associated tie-ins to the wells, gas pipeline from the Valhall wellhead facility (WP) to the two flank facilities, as well as associated modifications to the WP (Riser/ESDV facility). According to BP, the gas lift project on Valhall has good profitability, and will, when the gas lift has been installed in all the planned wells, yield an increased production of approx. 10,000 bopdy, as well as increased reserves. Development will be concluded at the end of 2011.

Jul. 2009 - BP was granted consent to use the new bridges to and from the Valhall PCP facility. The consent applies to using bridges 7, 8 and 9 in connection with work on the new process and living quarters facilities (Valhall PH). The bridges were installed in June 2008, and will provide permanent access to Valhall PH when the facility receives a consent for use. The Valhall oil field is located in the Norwegian North Sea in 230 feet (70 meters) of water on Blocks 2/8 and 2/11.

Jul. 2009 - Subsea 7 received a contract from BP Norway for EPIC of the Valhall Flank gas lift pipelines and Wellhead Platform Riser Caisson project in the Norwegian sector of the North Sea. The scope of work involves engineering, procurement and fabrication of subsea and platform components, installation of 2 by 8-inch pipelines, a new caisson on the Wellhead platform and subsea tie-in spools at the Valhall Flank South and Valhall Flank North platform locations. The offshore operations are due to take place in two campaigns commencing in the summer of 2010. The Valhall field is located 180 miles (290 kilometers) off the southwest coast of Norway in 230 feet (70 meters) of water in the Norwegian sector of the North Sea. The Valhall complex consists of seven separate platforms, five in the center and two Flank installations.

May. 2009 - The BP-operated Valhall oil field will remain offline for weeks after being shut-in April 2 for inspection and maintenance on the field's pipelines. The outage was planned to address microbacterial-related corrosion of hundreds of meters of pipelines. Located in 230 feet (70 meters) of water in the Norwegian sector of the North Sea, the Valhall field pumps around 500,000 bopd and is connected via a subsea pipeline to the Ekofisk field. BP expects the field to produce until 2050.

Jan. 2009 - BP has extended an existing framework agreement with Aker Solutions for Modification and Maintenance Support two years, up to March 31, 2011. The framework agreement includes the redevelopment of the Valhall facility as well as Valhall Flank Gas lift projects.

Oct. 2008 - The Petroleum Safety Authority (PSA) audited BP Norge AS' safeguarding of technical integrity for loadbearing structures on Valhall during the period of May 14-30, 2008. Nonconfirmities were uncovered during the audit resulting in a notification of order issued to BP by the PSA.

Aug. 2008 - BP Norge on behalf of the Valhall partners has issued a letter of award to StimWell. The contract is for a new 'purpose built' well stimulation vessel; initially for a 4 year period with 6 year option periods and valued up to NOK 2 billion.