Equinor has been present in Brazil for nearly two decades, and we see the country as a core area for long-term growth. We are the second largest oil operator in the country, and have recently also expanded our investments into renewable energy in Brazil.

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How to find us in Brazil

Rio de Janeiro
Rua do Russel 804, Glória
Rio de Janeiro, RJ
Postal code: 22.210-010
Brazil
Telephone: +55 (21) 3479-9800

www.equinor.com.br

Oil and natural gas

Investing in Brazil for almost two decades

We have been present in Brazil for almost 20 years, focusing on exploration and production of oil and gas, and on renewable energies.We have a long-term commitment to Brazil, one of the three priority areas for our investments in the coming decades.

We have a diversified oil and gas portfolio in the country, with licenses at different stages - exploration, development and production - in the Campos, Santos and Espírito Santo Basins. We are the largest international company in terms of production volume, with an average of approximately 100 thousand barrels of oil per day. We have in Brazil the first solar plant in Equinor's global portfolio, located in Ceará, with the capacity to generate energy for 200 thousand Brazilian families.

Production

Peregrino, over 200 million barrels produced in a safe way.

Equinor has been producing oil and gas in Brazil since 2011, when the Peregrino field started operating in the Campos Basin, our largest international offshore operation. Since then, we have produced more than 200 million barrels in one of the most challenging fields in the country due to its extremely heavy oil.

Peregrino is our daily laboratory in the search of production efficiency. In recent years, we have managed to reduce Peregrino's operating costs by 35%, which will help us to maximize value creation in the long term and thus extend the life of the field. This means continuing to generate jobs for longer.

With the project that will replace diesel with natural gas to generate energy in Peregrino, the field will contribute with Equinor's goal to reduce carbon emissions by 2.2 million tons between 2021 and 2040.

The Peregrino field is formed by the fixed wellhead platforms (WHP-A, WHP-B and the recently installed WHP-C) and by the floating production and storage unit (FPSO Peregrino).

Peregrino phase 2, increasing the life of the field.
The Peregrino phase 2 project involves the addition of a third fixed platform to the field, Peregrino C, which has already been installed, and which will be able to drill wells to reach reservoirs inaccessible by platforms A and B. This will increase its productive life by at least 20 years and will add 250-300 million barrels in recoverable reserves, with the first oil expected in the first half of 2022.

Increasing the life of a field is one of the most complex tasks in a project. After all, it is what will prolong its use and consequently minimize the impact of long-term investment.

Pitangola, interconnected with Peregrino phase 2.
With the expectation of interconnected reservoirs, Platform C of Peregrino phase 2, will allow to optimize production in Pitangola.

Roncador, a strategic partnership.
Located in the Campos Basin, Roncador is the second largest producer field outside the pre-salt layer, with approximately 10 billion barrels of oil equivalent. It is currently the fifth largest producing field in the country with a current production of around 170 thousand barrels of oil equivalent per day and around 30 thousand boe per day of associated gas.

Operated by Petrobras, it was considered the biggest discovery offshore in the 1990s. Equinor acquired a 25% stake in the field in 2017, thereby tripling its production equity in Brazil.

The objective in Roncador is to increase the field recovery factor, that is, extract more oil from the reservoirs already known, through the company's expertise in increased oil recovery (IOR) of reservoirs. Equinor is recognized worldwide for its experience in this area, having achieved well above world average recovery factors in several fields.

The expected result is to maximize the value creation and longevity of the Roncador field. The ambition is to increase the recovery factor by 10%, increasing the recoverable volumes by 1 billion barrels of oil equivalent (boe).

Development

Bacalhau, the first pre-salt project to be developed by an international operator.
Discovered in 2012 and acquired by Equinor in 2016, Bacalhau (formerly known as Carcará) is a project located in the Santos Basin pre-salt with a reservoir of excellent quality oil and associated gas, making it one of the greatest discoveries of oil of the last decade in Brazil.

Equinor and its partners - ExxonMobil and Petrogal - estimate that the recoverable reserves of Cod (including the Bacalhau North area) are greater than two billion barrels of oil equivalent (boe). For that, the field will have the largest FPSO ever seen in Brazil, with a capacity to produce up to 220,000 barrels/day. The start of production is estimated for 2024.

BM-C-33, one of our main natural gas projects.
In block BM-C-33, located in the Campos Basin pre-salt, we had the discoveries of Pão de Açúcar, Gávea and Seat. The recoverable volumes of the BM-C-33 are greater than one billion barrels of oil equivalent, making this one of the main natural gas projects under development in the country. Production in this block will be phased and initiated by the largest discovery, Pão de Açúcar.

The block was acquired at the ANP auction held in 2005 and Equinor became the operator in 2016. The reservoirs are complex and located at about 3,000 meters in depth, an opportunity for Equinor to use its extensive experience as an offshore operator and producer of gas.

Together with its partners – Repsol, Sinopec and Petrobras – Equinor has approved in March 2021 the development concept for BM-C-33. Gas and oil/condensate will both be processed at the FPSO to sales specifications. Crude will be offloaded by shuttle tankers and shipped to markets after ship-to-ship transfer. The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new dedicated onshore gas receiving facility inside the Petrobras TECAB site at Cabiúnas, before connecting to the domestic gas transmission network. 

Exploration

We have a diversified exploration portfolio in Brazil, with areas in the Campos, Santos and Espírito Santo basins.

By the end of 2022, five prospects in the pre-salt will be drilled. Our exploration efforts, however, are not just to find oil, but also to prove production capacity.

Renewables 

Better technologies and lower costs have made solar energy an increasingly attractive energy source, competing with traditional sources in important markets. Equinor decided to enter the solar energy market, starting in Brazil.

Photo of the Apodi solar plant

The Apodi complex, opened in November 2018, is the first initiative by Equinor in solar energy, and is in Quixeré, Ceará. A gigantic complex with 500,000 solar panels, occupying an area equivalent to 300 football fields and an installed capacity of 162MW.

Apodi is operated by our Norwegian partner ScatecSolar, and has Brazilian partners from the ApodiPar consortium. Equinort also closed an exclusive cooperation agreement with ScatecSolar to continue developing other solar projects in Brazil in the coming years.

The Apodi Complex is a demonstration of how solar energy can offer profitable and scalable growth opportunities to Equinoroport. The clean energy produced by the plant is equivalent to a CO2 reduction of approximately 200 thousand tons per year.

Technology and innovation

Technology and innovation is part of our DNA, permeating our culture, values and vision.

Working situation

Research & Technology in Brazil are represented by the Research and Technology Centre Rio (RTCR), being responsible for the technology research & development and implementation. RTCR operates externally in partnership with academia, R&D institutes and technology centres and internally in  strong collaboration with R&T specialists in Norway, to deliver results in Brazil and worldwide

Research Technology Centre Rio
RTCR is responsible for technology  research, and  development and implementation. 

We also contribute to other initiatives such as the Seismic Stratigraphy Interpretation Course, developed in partnership with the Rio de Janeiro State University (UERJ), where we funded the construction of a laboratory (equipment and workstations).

Social projects

We work in pursuit of excellence and continuous improvement in the sustainable development of our activities, adding value to our projects and society.

We believe the journey for the development of new generations is continuous, and much more lasting when established on the basis of clear values, well-defined objectives and an inspiring orientation.

Thus, we try to guide our projects. Thus, we try to guide our daily actions.

Mandatory Projects with Local Communities
Part of the Brazilian environmental licensing process, monitored by the environmental agency – IBAMA, as part of the environmental license conditions which aim to mitigate environmental impacts associated to the activity.

The Social Communication Project (PCS) aims to provide information and to be a channel between company and impacted communities, especially social groups related to the fishing chain.

The Environmental Education Project (PEA) focuses on women in the fishing chain and supports them as a community organization, with knowledge about citizenship and income generation initiatives.

Voluntary Projects
Initiatives that aim to create lasting local value and are implemented voluntarily.

Mar Atento Project, an engagement and capacitation project offered to the fishermen enabling them to act safely in the case of offshore emergency response.

Trilha Empreendedora, a pilot project (in partnership with Junior Achievement) to include innovative educational disciplines into public schools of Rio de Janeiro, with support from eleven O&G companies.

Dream, work and learn, a mentoring program to support young people to enter the job market, assisting them in the development of professional and personal skills, guiding and supporting their choices, helping them to change their future and giving them the opportunity to achieve success.

Multen - The Brazil Multiplying Energy, an initiative created by the Brazil volunteer team which promotes a number of actions throughout the year.

Sponsorship

Increasing Brazilians' access to cultural initiatives and places is in line with our objective and aims to create local value for the country, supporting a fundamental pillar for the progress and development of society.

We believe that through education and culture we create lasting local value, and we help to develop a better trained society for the next generations.

Based on the STEM, culture and sports pillars, Equinor defined its lines of investment in sponsorship.

Museu de Arte do Rio (MAR)
With its proactive space to support education and working in partnership with the city's Secretariat of Education, MAR developed the Escola do Olhar that develops an academic program, built in collaboration with universities, to discuss art, image culture, education and practices in curation.

Galpāo Aplauso
An institution with more than 20 years of experience in the professionalization of young people in situations of social vulnerability in five main skills of art: visual arts, circus, dance, music and theater.

Goalball
Created by and for people with visual impairments, the objective of this project is to provide quality educational practices, specifically Goalball for young people at social risk in the city of Rio de Janeiro.