On 10 October at 20:00 local time, the new platform in Brazil, Peregrino C, produced its very first oil.

Peregrino phase 2 will extend the Peregrino field life to 2040. Phase 2 adds 250-300 million barrels of oil, while at the same time halving expected CO2 emissions per barrel over the field remaining lifetime.

“I am thrilled that we have started production from the new Peregrino C platform. Covid-19 has made Peregrino phase 2 a challenging project, and I want to thank everyone involved for delivering the project with excellent HSE results,” says Geir Tungesvik, Equinor’s executive vice president for Projects, Drilling & Procurement."

Peregrino phase 2 consists of a new platform with drilling facilities and living quarters tied in to the existing Peregrino FPSO, as well as a new pipeline importing gas to the platform for power generation.

In operation the new platform will provide 350 long-term jobs offshore and onshore in Brazil.

The project was on schedule for planned start-up late in 2020 when Covid-19 hit the project hard, leading to cuts in the workforce several times in the crucial and normally labor-intensive hook-up phase. Still, Peregrino phase 2 is delivered within the original USD 3 billion cost estimate.

In line with Equinor’s low carbon strategy, measures have been taken to reduce CO2 emissions from the Peregrino field. By switching from diesel to gas for power generation on Peregrino C, phase 2 will avoid 100,000 tonnes of CO2 emissions from the Peregrino field per year.

This will also reduce costs and simplify logistics in the operational phase.

“The start-up of Peregrino Phase 2 is an important milestone in Equinor’s growth strategy in Brazil. This project showcases how we can bring valuable new resources onto production at the same time as investing in technology to cut carbon emissions. I am proud that Peregrino Phase 2 will increase field production to 110,000 barrels per day at plateau whilst halving our emissions intensity,” says Al Cook, Equinor’s executive vice president for Exploration & Production International.

The new platform is also equipped with the latest digital tools, like a 3D model of the entire platform that operators can use on an iPad in the field. This improves cooperation offshore and between the platform and the onshore operational support team in Rio de Janeiro.

New digital solutions will also contribute to optimized production, reducing energy usage and thereby CO2 emissions.

Facts:
   - Located in the Campos Basin, the Peregrino field started production in 2011.
   - Equinor is the operator (60%), with Sinochem (40%) as partner in the field.
   - Peregrino Phase 1 consists of a floating production vessel (FPSO) supported by two wellhead platforms: Peregrino A and Peregrino B.
   - Peregrino is the largest field operated by Equinor outside Norway and the first of a series of major field developments in Brazil.
   - The Peregrino field has so far produced more than 210 million barrels of oil since the field came on stream in 2011.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.