A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. Aker BP, a merger of Norwegian energy companies and a national subsidiary of BP, said the Valhall and Hod complex passed a production milestone ahead of schedule. The production mark is more than three times greater than what was expected when it opened in 1982. “In 1995, work was performed with the goal to extend the field lifetime and recover more than one billion barrels of oil equivalents,” Eldar Larsen, a vice president of Operations at the company, said. “We have now achieved this goal 15 years ahead of what was thought at the time.” Aker BP’s milestone follows similar achievements from legacy fields held by Norwegian energy major Statoil. The company’s Gulfaks reservoir , first put into […]