{"id":940,"date":"2011-04-13T02:08:18","date_gmt":"2011-04-13T02:08:18","guid":{"rendered":"https:\/\/blogs.transparent.com\/norwegian\/?p=940"},"modified":"2014-08-22T14:47:20","modified_gmt":"2014-08-22T14:47:20","slug":"norwegian-oil-company-statoil-and-new-field-in-brazil","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/norwegian\/norwegian-oil-company-statoil-and-new-field-in-brazil\/","title":{"rendered":"Norwegian Oil Company Statoil and new field in Brazil"},"content":{"rendered":"

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Norway is the eighth largest producer of oil in the world and the 3rd largest exporter. \u00a0Most of the Norwegian oil is produced in the North Sea and Barents Sea off of the coasts of Norway. \u00a0Last week, in the Campos basin 85 kilometers off of the coast of Brazil, Statoil, Norway\u00b4s largest oil producer, began production at the Peregrino platform. \u00a0The Peregrino field was discovered in 1994, but it wasn\u00b4t until 9 years later, that Statoil acquired a share of the platform (50%). \u00a0The development plan for the field was approved by the Brazilian government in 2007, and Statoil acquired the remaining half of the field in 2008. \u00a0Pending government approval, a different company, Sinochem will purchase 40% of the field from Statoil and thus have 40% ownership and operational control.<\/p>\n

This new development for Statoil in Brazil of course raises questions regarding Norway\u00b4s role in oil production and global warming, which I fully understand is a problem and welcome comment on. \u00a0However, it also does assist Brazil in it\u00b4s quest to develop into a more global competitor in the oil industry. \u00a0The new field will increase Brazil\u00b4s oil production by 5% in 12 months time and employ nearly 1,000 workers both onshore and off. \u00a0Peregrino will also be Norway\u00b4s largest oil field outside of Norwegian waters.<\/p>\n

See here <\/a>for an article from Tuesday from Aftenposten about the Peregrino Oil field.<\/p>\n

Some Norwegian words to look for and their meaning:<\/p>\n

olje<\/strong>-oil<\/p>\n

felt<\/strong>-field<\/p>\n

fat<\/strong>-barrel<\/p>\n

\u00f8kning i produksjon<\/strong>-increase in production<\/p>\n

utbyggingsplanen<\/strong>-development plan<\/p>\n

godkjent<\/strong>-approved<\/p>\n

i l\u00f8pet av<\/strong>-over the course of<\/p>\n

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Norway is the eighth largest producer of oil in the world and the 3rd largest exporter. \u00a0Most of the Norwegian oil is produced in the North Sea and Barents Sea off of the coasts of Norway. \u00a0Last week, in the Campos basin 85 kilometers off of the coast of Brazil, Statoil, Norway\u00b4s largest oil…<\/p>\n

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