Equinor remains on track in Brazil

Norwegian firm reports healthy progress on its Brazilian portfolio

Norway’s Equinor has reported that it is work is “progressing well” on its Brazilian upstream portfolio. The company's Bacalhau Phase 1 project is around 50pc complete and remains on pace to start production in 2024. The Equinor-operated scheme includes a 220,000bl/d floating production, storage and offloading (FPSO) vessel and has estimated recoverable reserves from its first phase of more than 1bn bl. Additionally, the Norwegian firm is on track to take FID on the BM-C-33 gas project in the Campos basin in 2023. The development will have a production capacity of up to 16mn m³/d and send out an average of 14mn m³/d, intended for the domestic Brazilian gas market via a planned receiving faci