Looking for a specific product?

Make a search for products & suppliers, articles & news.

Statoil: New exploration well confirms Brazil oil discovery

Norway's Statoil, together with partner Sinochem, has completed drilling the appraisal well 3-STAT-8-RJS on the Peregrino South discovery in the Campos basin offshore Brazil.

The results confirm the significant potential in the Peregrino South in the exploration well that was completed in April 2011. The objectives of the appraisal well were to confirm the previous volume estimate for the Peregrino South discovery and secure an optimal development solution for the Peregrino Phase II development.
The appraisal well encountered approximately 85 metres of high-quality oil-filled sandstone reservoir in the Carapebus formation supporting the current subsurface model. Net pay in the well was more than 70%.

“This confirms our positive view on the Peregrino area and will form an important basis for the Peregrino Phase II development. We will now continue to work toward a final investment decision to develop this new oil discovery,” says Kjetil Hove, Statoil’s country president in Brazil.

The Peregrino field is located 85 kilometres offshore Brazil in the Campos basin at about 100 metres of water depth in licenses BM-C-7 and BM-C-47. Statoil holds 60% ownership and the operatorship of the field and Sinochem the remaining 40%.

 

In February 2012, Statoil made the high-impact Pão de Açúcar discovery together with operator Repsol Sinopec and partner Petrobras in block BM-C-33, positioning Statoil as an important long-term operator and partner in Brazil’s attractive and growing oil and gas industry.

Associated companies:


Related news

Latest news

New partners in sensors and geothermal

Associate Professor Mona Mihailescu from University Politehnica of Bucharest, Romania visited CMR. She is also due to visit Iceland where her other partner in green energy is situated.

Resolutuions at Semcon's annual general meeting 2017

Semcon’s Annual General Meeting (AGM) was held on Wednesday April 26,

DNV GL launches new PSC Planner application

Classification society DNV GL has launched a new application on its My DNV GL portal

300 solutions that will change the world

Global Opportunity Explorer launch

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,