Despite all the problems in Brazil, Statoil is preparing to expand its interests there. The Peregrino oil field is its largest offshore operation outside Norway. In 2015 it broke through the barrier of 100 million barrels of oil produced since it first opened for business back in 2011.
Statoil is pushing ahead with the second phase of Peregrino, along with its Chinese partner Sinochem Group. A Statoil spokesman said: “This will add about 250 million barrels of recoverable reserves. The expectation is to expand production. In all, 22 wells – 15 producers of oil and seven water injectors – should be drilled in Peregrino phase two.” The first oil is expected by 2020 from what is the largest post-salt oil and gas field in the Campos basin.
“We have about a thousand people involved in our operations, on shore and offshore. Brazil remains one of the most important countries in Statoil’s international strategy. We intend to keep it that way,” the spokesman said.
Statoil’s Brazil operation provides employment for OSVs, including three platform support vessels, one anchor handling tug supply vessel and one line handler. It also charters 11 tankers.