Hydro, Anadarko to develop Brazil's Peregrino oil field

Uchenna Izundu
International Editor

LONDON, May 16 -- Hydro ASA and Anadarko Petroleum Corp. have received permission from the Agencia Nacional do Petroleo for plans to develop Peregrino oil field, which lies in 100 m of water about 85 km off Brazil.

Under a $2.5 billion investment plan, the field will be developed with a floating production, storage, and offloading vessel, two drilling platforms, 30 production wells, and seven water-injection wells. The partners are drilling a delineation well in the southwest extension of the field and expect to produce 100,000 b/d of oil by 2010 (OGJ Online, Apr. 2, 2007).

Maersk Contractors will lease and operate the FPSO and Kiewit Offshore Services Ltd. will supply the drilling platforms. An agreement also has been reached with Subsea 7 for the engineering, procurement, construction, and installation of the pipelines connecting the platforms to the ship, Hydro said.

Hydro said this will be its first Brazilian project.

Hydro and Anadarko each hold a 50% share in the project. Hydro is the operator during the project planning phase and Anadarko will assume operatorship during the project execution and operation phases.

Contact Uchenna Izundu at uchennai@pennwell.com

Related Articles

First bidding round showed Mexico reform challenges, House panel told

07/27/2015 An apparently disappointing first round of bids for oil and gas exploration rights revealed problems that require attention if Mexico’s dramatic en...

Russia's NefteGazIndustriya advances refinery modernization

07/27/2015 NefteGazIndustriya LLC, through a project developer, has let a contract to CB&I, Houston, to provide equipment for work related to the moderniz...

Cidade de Marica FPSO arrives in Brazil for module integration

07/27/2015 Petroleo Brasilierio SA (Petrobras) reported that the Cidade de Marica floating production, storage, and offloading vessel is berthed at Brasa ship...

Centrica to boost gas production from Morecambe Bay

07/27/2015

Centrica PLC reported a project to boost gas production from Morecambe Bay in northwest England (OGJ Online, Jan. 31, 2012).

DOE official: LNG exports could be limited by silt-clogged waterways, ports

07/27/2015 Silt, which is increasingly filling US waterways and ports, potentially could limit US LNG exports if it is not dredged soon, a top US Department o...

OIG report: EPA needs to improve oversight of fracing with diesel

07/27/2015 The US Environmental Protection Agency needs to improve its oversight of hydraulic fracturing using diesel fuels and address any compliance issues,...

URTeC: Panel sees resiliency in unconventional space

07/27/2015 Panelists commented on future recovery of oil prices and the growth of unconventional drilling, then took questions from an overflow audience durin...

The oil sand moose

07/27/2015 Imagine a document entitled Canadian Energy Strategy in which the world "bitumen" does not appear. Or the phrase "oil sands." T...

Corruptible oil

07/27/2015 Where there's oil, there's also a good chance some level of corruption exists. Such is the case, especially, when you combine poverty and an abunda...
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected