Home Uncategorized Sinochen may sell its participation (40%) in Peregrino oil field (Campos Basin)

Sinochen may sell its participation (40%) in Peregrino oil field (Campos Basin)

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Sinochem – China’s largest trading company and its first multinational conglomerate – may be  considering to sell the 40% participation it has in Peregrino offshore (heavy crude) oil field, according Reuters. Peregrino (block BM-C-7) is located east of Rio de Janeiro, in the southwest part of the Campos basin,  with reserves aroun 2,3 billion barrels. It began to produce in 2011. The field is operated by  the Norwegian company Statoil.