Equinor, Petrobras Start Production at Increased Oil Recovery Project Offshore Brazil
20 April 2022 - 03:10PM
Dow Jones News
By Dominic Chopping
Norwegian energy major Equinor ASA said Wednesday that it has
started production alongside Petroleo Brasileiro SA from the first
two wells at the Roncador field increased oil recovery project
offshore Brazil.
Start-up is almost five months ahead of schedule and at half of
the planned cost, it said.
The wells add a combined 20,000 barrels of oil equivalent a day
to Roncador, bringing daily production to approximately 150,000
barrels and reducing the carbon intensity of the field, Equinor
said.
The increased oil recovery project will see 18 wells drilled in
total, which are expected to provide additional recoverable
resources of 160 million barrels.
Petrobras is the operator of the Roncador field with 75% equity,
and Equinor has a 25% stake.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 20, 2022 08:55 ET (12:55 GMT)
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