Home Equinor CEO says Brazil is in a fantastic position

Equinor CEO says Brazil is in a fantastic position

25 from 2018 from September to 08: 25
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Equinor CEO says Brazil is in a fantastic position

Equinor CEO points Brazil in the international scenario in a privileged opposition within O&G business strategies

In an interview Anders Opedal, Equinor's Country Manager for Brazil, talks about the Norwegian oil company's current strategies in Brazil, and the country's role in Equinor's plan to become a broad energy company with investments in the renewable sector. The CEO was very clear with regard to investments in Brazil, and highlighted the country's strategic position in the international arena, as one of the largest producers of crude oil and gas in the world. According to Anders Opedal, Equinor wants to increase its activities in Brazil and guarantee the first place as a multinational collaborator and holder of the main contracts with Petrobras.

Equinor's relationship with Brazil

In Brazil Equinor has numerous value chain projects that include exploration through discoveries, developments, production and also within renewable energy. This makes the country a vital part of the company's portfolio. To emphasize the importance of Brazil, the company has established a separate business area for development and production in the country. Equinor is using its experience on the Norwegian continental shelf to advance acreage in Brazil.

Equinor's production assets in Brazil comprise the Peregrino field. The second phase of this project is expected to come on stream in 2020. It also has a 25% stake in the giant Roncador field, which is also producing. Block BM-C-33, which includes the large pre-salt discoveries of Carcará and Pão de Açúcar, as well as the globally competitive exploration area being evaluated. Additionally, another 16 blocks and the north block of Carcará, mainly in the Santos Basin, are being explored. Block BM-S-8 comprising the Carcará discovery and exploration prospect that is being evaluated for future exploration and production.

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