Statoil, Sinochem submit POD for Peregrino Phase II off Brazil
Feb. 27, 2015
Statoil ASA and partner Sinochem have submitted a plan of development (POD) for the $3.5-billion Peregrino Phase II project to Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).
Sanctioned in December, the project will extend the economic life of Peregrino field in the Campos basin offshore Brazil, adding 250 million bbl in recoverable resources.
The concept consists of a wellhead platform with a drilling rig, WHP-C, tied-back to the existing Peregrino floating production, storage, and offloading unit (OGJ Online, June 12, 2012). The facilities contain standalone power generation that will export power to WHP-A.
The number of production wells from Peregrino Southwest—not currently reachable by platforms A and B—will be increased to 21, of which 15 will be oil producers and 6 water injectors, all drilled from WHP-C in 120 m of water.
Based on the current plan, Phase II is expected to start production toward the end of the decade, but Statoil says it will adjust the schedule if necessary.
Peregrino has produced more than 90 million bbl of oil since production launched in 2011 (OGJ Online, Apr. 11, 2011). Sinochem took 40% interest in the field during the same year, completing its $3.07-billion acquisition from Statoil (OGJ Online, Apr. 15, 2011).
