Page 12 - LatAmOil Week 42 2022

LatAmOil BRAZIL LatAmOil

Equinor begins production

at Peregrino-2 platform

PEREGRINO C, the third platform installed
by Equinor (Norway) at the Peregrino field off-
shore Brazil, began producing oil on October
10 at 20:00 local time, according to a company
press release.
This development marks the Peregrino pro-
ject’s entry into Phase 2, Equinor noted. It said
it expected to extract another 250-300mn bar-
rels of oil from the field during this stage and
added that the installation of the platform would
extend Peregrino’s operating life.
Phase 2 will also see the per-barrel level of
carbon dioxide emissions drop by 50% over the
remainder of the field’s lifetime, the press release
reported. This is the result of a switch from die- The Peregrino-2 platform came on line on October 10 (Image: Equinor)
sel- to gas-powered generation, which will bring
projected CO2 emissions down by 100,000 and production continued in July 2022, about a
tonnes, it said. year and a half past the originally scheduled date
Additionally, it noted that the launch of the of late 2020. Equinor missed its original deadline
Peregrino-C platform was expected to create due to the coronavirus (COVID-19) pandemic,
350 new onshore and offshore jobs in Brazil. which disrupted progress on the platform and
Peregrino-C is equipped with a pipeline that led to major cuts in the workforce on several
will be used to deliver associated gas from the occasions.
wellhead to the platform for power generation, Despite these difficulties, the Peregrino
as well as drilling facilities and additional living Phase 2 project is anticipated to remain within
quarters that are tied into the Peregrino floating its original $3bn budget.
production, storage and off-loading (FPSO) ves- Meanwhile, Phase 2 will also utilise some
sel installed at the field. of the latest digital tools, including a 3D model
Since starting production in 2011, Pere- of the entire platform that can viewed using an
grino, located in the Campos basin, has become iPad in the field.
Equinor’s largest operated field outside Norway. “The start-up of Peregrino Phase 2 is an
It experienced a temporary suspension in pro- important milestone in Equinor’s growth strat-
duction during April 2020 due to the detection egy in Brazil. This project showcases how we can
of a ruptured water-injection riser during a leak bring valuable new resources onto production at
test. the same time as investing in technology to cut
Following the execution of a maintenance carbon emissions,” commented Equinor’s exec-
programme that included upgrade and repair utive vice president for exploration and produc-
work on the FPSO, Peregrino C was installed tion international, Al Cook. ™

ARGENTINA
Petrobras to sell Argentinian subsidiary

BRAZIL’S national oil company (NOC) Petro- “Petrobras holds stakes in POSA through its
bras has announced plans to exit Argentina and subsidiaries PIB BV (Petrobras Internacional
will sell off the wholly-owned subsidiary it has Braspetro BV), with 95%, and PVIE (Petrobras
established to operate in that country. Valores Internacionais de España), with 5%.”
In a statement, Petrobras explained that it In tender documents, the NOC further
had entered the opportunity disclosure stage, or reported that it had engaged UBS Securities to
teaser, for the sale of 100% of equity in Petro- act as its exclusive financial advisor for the asset
bras Operaciones SA (POSA). Currently, it said, sale.

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