Sinochem to Join Statoil in Peregrino Development

Peregrino Field
(Click to Enlarge)

Statoil will sell 40% of its stake in the Peregrino field to state-owned Sinochem Group for $3.07 million. Statoil will maintain a 60% operating interest of the field, which is slated to commence production in early 2011. The transaction is subject to government approvals in Brazil and China. The Peregrino field is located on the BM-C-7 block offshore Brazil in the Campos Basin area in 328 feet (100 meters) of water.

continue reading about Peregrino on SubseaIQ

continue reading the full article

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
Project Manager, Oil and Gas
Expertise: Budget / Cost Control|Planner / Scheduler|Project Management
Location: Harvey, LA
Case Specialist II Job
Expertise: Business Analyst|Legal|Regulatory Compliance
Location: Denver, CO
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours