Statoil has completed heavy offshore lifting of two wellhead platforms on the Peregrino oil field offshore Brazil. The development is the group’s largest offshore project outside the Norwegian Continental Shelf.
“The Peregrino project is well prepared and eager to continue with carrying out the remaining offshore hook-up and completion work on both platforms,” says project director for the Peregrino project Morten Ruud.
The platform installations were performed by the heavy lift vessel Hermod. The two jacket substructures for platform A and B were installed on the Peregrino Field late last year.
Hook-up and completion
Work on the two platforms will now enter the hook-up and completion phase, allowing for production drilling planned later this year.
“The plan calls for a total of 30 horizontal production wells to be drilled, together with seven water injection wells,” says Statoil’s Peregrino production director Johan Kr. Mikkelsen.
Awaiting floating production vessel
The Peregrino field’s floating production, storage and offloading vessel (FPSO) is scheduled to arrive on the field for hook up and commissioning in 2010. The vessel is being built by Maersk at the Keppel Shipyard in Singapore.
Installation of the FPSO’s mooring systems concluded earlier this year and was done by the offshore construction vessel Boa Deep C.
Peregrino is located 85 km off the coast of Brazil, at a water depth of up to 100 metres. First oil from this field is expected to come on stream by 2011 and continue up to 2040.
Recommended Reading
Sunoco Completes $7.3B NuStar Energy Merger
2024-05-03 - The completion of its acquisition of NuStar Energy allows Sunoco to realize at least $150 million of expense and commercial synergies and at least $50 million per year of additional cash flow from refinancing activity.
Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin
2024-05-03 - After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.
Marketed: Delta Minerals Non-producing Sale in Colorado
2024-05-02 - Delta Minerals LLC has retained EnergyNet for the sale of non-producing minerals in Bent, Cheyenne and Kiowa counties, Colorado.
NuStar Energy Unitholders Approve Merger with Sunoco
2024-05-02 - The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
2024-05-02 - A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.