Statoil has completed heavy offshore lifting of two wellhead platforms on the Peregrino oilfield, offshore Brazil.

The platform installations were performed by the heavy lift vessel Hermod. Two jacket substructures for platform A and B were installed on the Peregrino Field late last year, Statoil said.

Work on the platforms will now enter the hook-up and completion phase, allowing for production drilling planned later this year.

“The plan calls for a total of 30 horizontal production wells to be drilled, together with seven water injection wells,” says Statoil’s Peregrino production director Johan Kr Mikkelsen.

Peregrino is located 85km off the coast of Brazil, at a water depth of up to 100m. First oil from this field is expected to come on stream by 2011 and continue up to 2040.

The development is the group’s largest offshore project outside the Norwegian Continental Shelf, the company said in a statement.