Equinor plans to boost oil production in Brazil

08/26/2019

Norwegian state-owned company Equinor has plans to expand its oil production in Brazil by up to 280,000 barrels of oil per day (bpd) by 2024. The first step will be taken next year, when the company will increase its production by 60,000. bpd in the field of Peregrino (RJ). The company’s project also has the start of operations of an FPSO in the field of Carcará (SP), by 2024, with a capacity of 220,000 bpd after the ramp-up.

According to Equinor Global Vice President of Contracts and Supplies, Mauro Andrade, the expansion of activities in the Peregrino basin comes after the area reached its peak of 100,000 bpd and is now around 80,000 bpd. “That’s why we’re going to trigger phase two of the project,” he said in an interview with Broadcast.

The executive also gave some details about the project of an FPSO in the Carcará field. “The field is large, so we will develop in phases. The first will be this platform between 2023 and 2024 and, later, still undefined because we are maturing the project, we will have the second FPSO,” he said.

The first phase FPSO will be capable of producing up to 220,000 bpd. The capacity of the second installation has not yet been defined, because it is a project still embryonic, said Andrade.

The Norwegian company is studying to open a base in Sao Paulo to support its operations in the field of Carcará (SP), said Andrade. The state-owned company operates in offshore oil and natural gas exploration and production and is the second largest operator in the country, with an average production of approximately 100,000 barrels of oil per day.

According to the executive, the company is looking for an alternative base in the north coast of São Paulo state. “Today we have the Peregrino field operating in shallow waters in the Campos basin. The base of this camp was in Guanabara Bay and we moved to Porto Açu. And we have the Carcará field (SP), where we are thinking about in the future. We have to have alternative support bases in the state of São Paulo, “he said.

The executive stated that the company talked to the São Paulo government about topics such as infrastructure in the northern coast region. “It would be important to be in this region.

The company’s project in Carcará foresees the start-up of an FPSO between 2023 and 2024. The facility’s capacity is up to 220,000 barrels of oil per day (bpd) after the ramp-up. The second phase will have another FPSO, whose production has not yet been defined. According to the executive, the company mapped 32 sites to the support base for the operation in Carcará.

The installation of bases is essential to maintain the resources and tax revenues within the state of São Paulo. Sao Paulo is where the operator will be closer to consumption, closer to job creation. We are discussing so that operators are also based in the state,” said the Secretary of Infrastructure and Environment, Marcos Penido, during an event of the Institute of Engineering. The event was aimed at receiving exploration and production operators and concessionaires from the Santos Basin (SP), as well as discussing their investment plans and needs to expand production in the region.

Source: UOL

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