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Stock impact report

Coronavirus sparks installation delays at Equinor's Peregrino field: sources [Reuters]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Reuters
Coronavirus sparks installation delays at Equinor's Peregrino field: sources RIO DE JANEIRO, April 15 (Reuters) - Construction work at Equinor ASA’s Peregrino oilfield off the coast of Brazil has been delayed by roughly two months, according to two sources with knowledge of the matter, as logistical difficulties surrounding the novel coronavirus take their toll on the nation’s offshore oil industry. Peregrino is Equinor’s largest offshore operation outside Norway, and produces 70,000 to 80,000 barrels per day of oil, according to the company’s website. Currently, Peregrino is composed of two fixed oil platforms, attached to a type of ship called a floating production storage and offloading unit, or FPSO. Equinor is installing a third oil platform, which will add 273 million barrels of recoverable reserves to the 400 million Peregrino is known to hold. Equinor has said it plans to produce first oil from the new platform by the end of the year. However, two sources with knowledge of the Show less Read more
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