First oil for Peregrino Phase 2 platform in 2022
25 Mar 2021 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

Equinor has confirmed that, due to the coronavirus disease 2019 (Covid-19) and infection control measures, the Peregrino Phase 2 project has been delayed and is now expected to startup in the first quarter of 2022.

The project was previously estimated to come online in late 2020. The Peregrino Phase 2 project consists of the installed wellhead Peregrino C platform and a total of 21 wells, 15 oil producers and 6 water injectors. The operator plans to recover approximately 270 million barrels in recoverable resources.

Production from the Peregrino field started in 2011, but in April 2020 was shut down for unplanned maintenance of the subsea equipment. Technical challenges and Covid-19 have affected the progress of the maintenance work and production from the Phase 1 is now estimated to be resumed in the first half of 2021. Equinor operates the Peregrino field, which is located in a water depth of around 100 m in the Campos Basin.

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