Statoil said it maintains 60% ownership and the operatorship of the field, which is set to start production in early 2011. The transaction is subject to government approvals in Brazil and China.
Helge Lund, CEO of Statoil, said: “The transaction confirms the high quality of the Peregrino asset, reflecting Statoil’s value added through the field development.
“The transaction demonstrates Statoil’s ability to leverage its industrial competence developed at the Norwegian Continental Shelf, and realize value for our shareholders. The divestment is a natural step in our continuous effort to optimize our portfolio.”
The divestment of the share of Peregrino will reduce Statoil’s equity production guiding for 2012 by 40,000boepd to a range of 2.06 – 2.16 million boepd.
The Peregrino field is located at about 100mt of water depth in BMC-7 and BMC-47. The first phase of the development includes two drilling- and wellhead platforms and a ship-shaped floating production, storage and offload unit.
