Second phase of Peregrino field development

Statoil's Peregrino FPSO. Photo: Øyvind Hagen / Statoil

Statoil’s Peregrino FPSO. Photo: Øyvind Hagen / Statoil

Statoil will make a final investment decision concerning the second development phase of Peregrino field, located off the Brazilian coast.

The company’s project manager Emil Volckmar said that the project could start producing oil by late 2019 / early 2020 if everything goes according to what is planned. Today, the first development phase of Peregrino produces 100 kboe / day (thousands of barrels of oil equivalent per day).

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Statoil at ONS 2014. Photos: Guilherme Mendes / Innovation Norway

Innovation Norway is responsible for promoting the Norwegian industry abroad. Our office in Rio de Janeiro manages Innovation House Rio, our business incubator office, and helps Norwegian companies in their efforts towards the Brazilian market.

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Posted in Oil & Gas

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