Equinor has been present in Brazil for 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.Gostaria de ler isso em português?
How to find us in Brazil
Oil and natural gas
Investing in Brazil for 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.
Peregrino, over 220 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 220 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 optimization of production from 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 percentage points, increasing the recoverable volumes by 1 billion barrels of oil equivalent (boe).
Peregrino A to Now
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 Bacalhau (including the Bacalhau North area) are more 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. Production start is estimated to 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 more 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 in depths about 3,000 meters, 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.
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.
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.
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 Scatec, and has Brazilian partners from the ApodiPar consortium. Equinort also closed an exclusive cooperation agreement with Scatec 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 Equinor. The clean energy produced by the plant is equivalent to a CO2 reduction of approximately 200 thousand tons per year.
With the ambition to become the global leader in offshore wind, Equinor sees Brazil as a potentially interesting market, given the vast availability and regularity of winds along the country's coast, as well as possible synergies with the existing oil and gas industry.
Technology and innovation
Technology and innovation is part of our DNA, permeating our culture, values and vision.
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).
The research centre's growth strategy is focused on three areas:
- Exploration - enhancing knowledge on pre-salt basins.
- Advanced Recovery from Reservoirs - applying the IOR toolbox to maximize the recovery of heavy oil and mature fields.
- Subsea Engineering - remotely operated factories including subsea and topside solutions.
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 with potentially polluting 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.
Initiatives that aim to create lasting local value and are implemented voluntarily.
Mar Atento Project, a project offered to fishermen enabling them to act safely in the event of offshore emergency response situations.
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.
We concentrate our sponsorship investments through the STEM, culture and sports pillars.
Museu de Arte do Rio (MAR)
In partnership with the city's Secretariat of Education and in collaboration with universities, MAR developed the Escola do Olhar academic program to discuss art, image culture, education and practices in curation.
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.
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.