Peregrino Is Among The Ten Largest Oil Fields in Operation in Brazil and Will Generate Over 350 New Offshore and Onshore Jobs.
There Are 200 Million Barrels of Oil Produced in the Peregrino Field, This Is Equinor’s New Milestone for Its Operations in Brazil. The Company Is a Global Energy Firm That Has Been in the Country for 18 Years. Equinor Studies Brazil’s Coastline to Install New Natural Gas Infrastructure.
Equinor’s First Operational Asset Outside Norway, Peregrino Started Production in 2011 and Will Initiate Phase 2 of the Project by The End of 2020 With The Installation of a Third Platform, Which Will Increase Reserves by 260 Million Barrels of Oil.
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The Crew at Peregrino Is 100% Brazilian. The Expansion of The Project Will Also Extend The Life of Peregrino by Another 20 Years and Generate Over 350 New Offshore and Onshore Jobs.
Peregrino Is Among The Ten Largest Fields in Operation in Brazil, According to Data from The National Agency of Petroleum, Natural Gas and Biofuels (ANP).
The Field Has An Estimated Recoverable Reserve of 670 Million Barrels of Oil and Currently Produces Between 60,000 and 80,000 Barrels of Oil Per Day. Equinor Holds a 60% Stake, in Partnership With Sinochem, Which Holds 40%.
As One of The Most Challenging Fields in Brazil, Peregrino Has Achieved Milestones Along Its Path. When Equinor Started Operating, The Company Managed to Extract The Second Heaviest Oil Produced in Brazil.
Gradually, The Recovery Factor in The Field Increased, Surpassing The Initial Expectation of 10% and Rising to 16%. The Company Aims to Further Increase This Percentage.
“We Have Much to Celebrate With This Milestone Achieved in Peregrino: 200 Million Barrels Produced Safely, In A Field That Many Believed Could Not Be Developed,” Says Margareth Øvrum, CEO of The Company in Brazil.
The Equinor Is An International Energy Company Based in Norway, With Operations in Over 30 Countries. Since 1972, It Has Been Developing and Producing Oil and Gas on The Norwegian Continental Shelf, Where It Is The Leading Operator.
Previously Known as Statoil, It Is Among The Largest Offshore Operators in The World and Has a Growing Presence in Renewable Energy.
Present in Brazil Since 2001, Equinor Has a Strong Presence in The Country, Considered One of The Company’s Three Main Areas Worldwide and One of The Priority Areas for Long-Term Growth.
Equinor Is The Largest International Operator in The Country by Production Volume, With An Average of Approximately 100,000 Barrels of Oil Per Day.

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