Statoil Aims to More than Triple Brazil Output

Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said.

Statoil has invested more than $10 billion in Brazil, making it the country's largest foreign offshore operator, and the Peregrino heavy oil field 85 kilometres off the coast of Rio de Janeiro is the biggest it operates outside Norway.

With Peregrino producing 80,000-90,000 barrels of oil equivalents per day, Statoil's 60 percent equity stake in the field currently leaves the company with 48,000-54,000 barrels in daily output from the South American country.

"We expect (Statoil's) equity production to more than triple in Brazil going towards 2030," Anders Opedal, Statoil's head of Brazilian operations, told Reuters in an interview.


(Reporting by Nerijus Adomaitis)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial