Statoil and its partner Sinochem have signed an agreement to acquire the Peregrino floating production, storage and offloading (FPSO) unit from Maersk for an undisclosed sum.
The FPSO has been in operation at the Statoil-operated Peregrino field in Brazil since operations began back in 2011.
Thore E Kristiansen, Statoil senior vice president for development and production in South America and sub-Saharan Africa, said that Brazil is integral to Statoil's growth strategy regarding deep water and heavy oil.
"Our operatorship at Peregrino proves that the company's strategy in pursuing complex projects is paying dividends," Kristiansen added.
The company currently has seven licenses in its Brazilian portfolio and has made two high-impact discoveries in the last year - Peregrino south and Pão de Açúcar.
Initiated in 2007, the Peregrino FPSO has a storage capacity of 1.6m barrels of oil and produced more than 15m barrels in its first year of production.
Image: Peregrino FPSO is operating in the Campos Basin 85km off Rio de Janeiro, Brazil. Photo courtesy of: Statoil.