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Equinor Brasil

Company Detail

Description

Equinor Brasil, a subsidiary of the Norwegian firm Equinor registered in 2000 and headquartered in Rio de Janeiro, is engaged in the exploration and production of oil and gas. Equinor Brasil owns the Peregrino field, located in the Campos basin, whose production reaches 80,000boe/d, its historical production since 2011 totalizes 160Mboe, and its recoverable reserves are estimated in 400Mboe; while a third fixed wellhead platform would achieve first oil in 2020, and increase reserves by 273Mboe. Equinor Brasil's exploration portfolio includes Block BM-C-33, a carbonate reservoir in the Campos Basin; 40% interest in the BM-ES-32 deep-water block, and 25% equity in the BM-ES-22A block, both located in the Espírito Santo basin and operated by Petrobras; and License BM-S-8 (also known as Carcará) which is a pre-salt development in Santos basin acquired in 2017 with Exxon and Galp, whose total recoverable reserves are estimated in 2Bboe.

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