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The Start of Operations at the Offshore Oil and Gas Platform Peregrino C in the Campos Basin Marks a Major Moment for the Oil Company in Brazil. Equinor Aims to Use This Moment to Create Jobs and Expand Its Presence in the National Market.
The oil company Equinor has taken another major step in its expansion plan in the Brazilian oil and gas market. On Thursday, (10/13), the company announced that it has begun operations at the offshore platform Peregrino C, located in the Campos Basin. This is yet another initiative to extend the field’s lifespan until the end of 2040, ensuring even greater exploration in the region. Furthermore, the company expects to create over 350 job openings in the oil and natural gas sector with the project.
Video: Learn More About Phase 2 of the Peregrino C Platform
The Start of Operations at the Peregrino C Platform Marks a Significant Advancement of Equinor’s Presence in the Brazilian Offshore Market
Equinor announced this week yet another significant advancement in its plan to extend the lifespan of the Peregrino Field, the start of production at the Peregrino C platform.
Oil and natural gas production in the region began last Thursday, marking yet another successful project for the company in the Brazilian offshore sector.
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This was also an important move for the Campos Basin project, as it marked the beginning of phase 2 of Peregrino, which aims to extend the field’s useful production until the end of 2040.
Additionally, Equinor’s project also aims to add between 250 and 300 million barrels of oil to the field, as well as halve carbon emissions during production.
In this way, the offshore company will not only secure its growth in the national market but also contribute to greater sustainability in its operations.
The Executive Vice President of Projects, Drilling & Procurement at Equinor, Geir Tungesvik, commented on the start of production at the Peregrino C platform and stated that this was a significant advancement for the company.
This is because the COVID-19 pandemic delayed many of the oil company’s projects, including the Campos Basin project, which is now back on track full force.
He also emphasized that the project was not only delivered but also completed with excellence in the areas of safety and sustainability.
Phase 2 of the Peregrino Project Brings More Optimism to the Company Following the Start of Operations at the Offshore Peregrino C Platform
In addition to the Peregrino C platform, Equinor aims to leverage phase 2 of the Peregrino project to include new wells in the field, as well as build a new gas pipeline bringing gas to the platform for energy generation.
To develop its project in the coming years, the company plans to create over 350 job vacancies in the national offshore sector, as well as other job positions in the onshore sector.
“The start of phase 2 of Peregrino is an important milestone in Equinor’s growth strategy in Brazil. This project shows how we can bring valuable new resources into production while investing in technology to reduce carbon emissions,” said the Executive Vice President of Exploration & International Production at Equinor, Al Cook.
He further complemented his remarks by highlighting the increase in productivity of the Campos Basin with the new Peregrino C platform.
“I am proud that phase 2 of Peregrino will increase the field’s production to 110,000 barrels per day at the production plateau,” the executive concluded.
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