Equinor uses technical expertise from LR to lead a safety study assessment for significant offshore project in Brazil
Equinor is using technical expertise from Lloyd’s Register (LR) to lead a safety study assessment for the second phase of the Peregrino oil field in Brazil. Equinor and Sinochem are joint field owners with Equinor being the operator with a 60% interest in the asset, LR said in its release.
This second phase, which includes the addition of a third wellhead platform (WH-C), is expected to be developed at a cost of $3.5bn and will start production by the end of 2020.
Peregrino is a heavy oil field 85km off the coast of Rio de Janeiro in water depths of around 100m. It has been developed with an FPSO and two wellhead platforms (WHP-A and WHP-B), and is Equinor’s biggest operated oil field outside Norway with a production capacity of 100,000bpd.
The concession period of the field extends up to 2040.
The addition of a third wellhead platform is expected to yield recoverable reserves of 270m barrels of oil.