The platform is equipped for tie-in of a subsea template planned for the development of the Hanz field, and for possible development of other nearby discoveries. First stage processing is carried out on the Ivar Aasen platform, and the partly processed fluids are transported to the Edvard Grieg platform for final processing and export. From 2023, Ivar Aasen will be supplied with power from shore, as part of the electrification of the Utsira High area.

Oil and gas are transported to the Edvard Grieg platform for final processing. The oil is exported by pipeline to the Grane Oil Pipeline, which is connected to the Sture terminal. The gas is exported in a separate pipeline to the Scottish Area Gas Evacuation (SAGE) system in the UK.

Aker BP ASA is operator and owns 36.2%, whereas Equinor Energy AS, Sval Energi AS, Okea ASA and M Vest Energy AS own 41.4%, 12.3%, 9.2% and 0.8%, respectively.