Peregrino phase 2
The Peregrino field is our largest international operation outside Norway, and Phase Two involves the addition of a third fixed wellhead platform to the field, extending its main productive life and adding 273 million in recoverable reserves.
The Peregrino oil field is located in licences BM-C-7 and BM-C-47, approximately 85km offshore Brazil, in the Campos basin, in water depths of 100m. The second phase is expected to be developed at a cost of $3.5bn and will start production in 2021.
Equinor and Sinochem are joint field owners, with Equinor being the operator with a 60% interest in the asset. Peregrino is Equinor’s largest operated oil field outside Norway and has a production capacity of 100,000 bpd. The concession period of the field extends until 2040.
A plan of development for Peregrino Phase Two was submitted to Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) on 30 January 2015. The second phase is expected to be developed at a cost of $3.5bn, and will start production in 2021.
Peregrino Phase Two development details
The second phase involves the Peregrino south-west area, which is not accessible by the existing A and B platforms. Its development plan involves increasing the number of production wells.
The field will be developed using horizontal production wells with artificial lift that will be provided by subsurface down-hole electric submersible pumps (ESP). Multiphase export booster pumps will be installed to pump oil, gas and water that will be carried by export pipelines to the existing floating production, storage and offloading (FPSO) unit for processing. Produced water will be returned after the separation process to the WHP-C for reinjection.
Facilities available at the WHP-C will include drilling facilities, utilities, power generation, living quarters and helideck.
Project type: heavy oil field
Location: Campos basin, brazil
Operator: Equinor
Development partners: Equinor (60%) and Sinochem (40%)
Investment: $3.5bn
Block: BM-C-47