Statoil Successfully Drills Peregrino South Sidetracks

Statoil has reported successful discoveries in both side tracks on the Peregrino South well, immediately adjacent to the newly opened Peregrino field offshore Brazil. Both wells were drilled by Fred Olsen semisub Blackford Dolphin.

The estimates of recoverable volumes in Peregrino South are between 150 – 300 million boe. This discovery brings a phase two development of the Statoil operated Peregrino field considerably closer.

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