Production Started
Last week, Statoil started oil production at the large Peregrino field offshore Brazil. Production will gradually ramp up to a plateau of 100,000 barrels of oil equivalent per day. The first phase of the development includes two drilling and wellhead platforms and a large floating production, storage and offload unit (FPSO). The move makes Statoil an important long-term operator and partner in Brazil’s attractive and growing oil and gas industry.
Helge Lund, president and CEO of Statoil: “We are proud to announce the safe and efficient start-up of Statoil’s largest international operatorship to date. The project team and our partners have done an excellent job in delivering a complex project according to the plan and below costs . With the Peregrino field in full operation Statoil will be the second-largest operator in Brazil, and it offers us an excellent opportunity for future growth in the country. The Peregrino field is a legacy asset and will contribute significantly to both Statoil and Brazil’s oil production for many years to come.”
The Peregrino field is located 85 km offshore Brazil in the Campos basin at about 100 m of water depth in licenses BMC-7 and BMC-47. The first phase of the development includes two drilling and wellhead platforms and a large floating production, storage and offload unit (FPSO). A total of 37 wells are planned, all of them using advanced horizontal well technology to maximise recovery.
The field contains 300 to 600 recoverable million barrels of oil equivalents, with a significant yet-to-find potential. An exploration well is currently being drilled at Peregrino South to explore this potential. Following completion of this well, one additional well will be drilled in the area.