STAVANGER, Norway – Statoil has produced the 100 millionth barrel of oil from the Peregrino field in the Campos basin offshore Brazil, four years after start-up.
According to a report earlier this year from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), Peregrino is the country’s eighth largest field, and has the second heaviest oil ever produced in Brazil.
It is also Statoil’s largest operated field outside Norway, accounting for around 12% of its international production of 720,000 b/d. The company estimates recoverable reserves between 300-600 MMbbl.
Peregrino has been developed via two fixed drilling platforms (WHP A and WHP B) and the 100,000-b/d FPSO Peregrino.
In January, Statoil and partner Sinochem submitted a Phase II development plan, involving $3.5 billion of investment. This calls for an additional drilling platform (WHP C) that is expected to help recover around 250 MMbbl.