The Peregrino field is located 85 km offshore Brazil in water depths of around 100 metres.
The first phase of the development includes two drilling and wellhead platforms and a ship-shaped floating production, storage and off-take unit (FPSO).
The platforms are tied back to the FPSO by flowlines and power umbilicals. The project showcases the sub-surface and reservoir management skills for which Statoil is internationally recognized.
Applying skills such as produced water injection, horizontal wells and flow assurance to sustain the project over a longer-term, initial recovery rate has now been doubled to 20%. At this point, estimated recoverable resources are in the range of 300 – 600 million barrels of oil.
Production from the field started in April 2011 and should reach its plateau of 100,000 bbl/day by the end of 2012..