Posted by Last Friday, September 27th, PRIO confirmed the acquisition of ๐๐ข๐ง๐จ๐๐ก๐๐ฆ’s stake in the Peregrino and Pitangola fields, valued at $1.915 billion. The Brazilian company now joins ๐๐ช๐ฎ๐ข๐ง๐จ๐ซ, which operates the fields and holds the other 60%.
Peregrino has been producing since 2011, and currently features three fixed platforms (Peregrino A, B and C) and an FPSO to process and store the production. During the โphase 2โ of development, started in 2022, Equinor managed to ramp up the production to around 100,000 bopd in the latter half of 2023. It currently sits around 80,000 bbl/day, but still one of the biggest non pre-salt producers in the country.
In addition to Peregrino and Pitangola, PRIO operates other assets in the Campos Basin, including the fields Albacora Leste, Frade, Polvo, Tubarรฃo-Martelo, and Wahoo, as well as the C-M-61 and C-M-101 blocks. The company is currently waiting for the environmental licenses in order to continue the development of Wahoo.