Equinor is progressing projects in Brazil
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
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
