Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as ...

Operated by Statoil, the Peregrino field is 85 kilometres off the Brazilian coast from Rio de Janeiro. In May 2010 Statoil sold a 40% stake of the Peregrino field to the Sinochem Group.

Prio's chief executive highlighted the natural synergies between Peregrino and the company's existing assets, noting the ...

Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash ...

Cash Position: $2.16 billion, net of $192 million payment for Peregrino field acquisition. Net Debt: $789 million, increased due to Peregrino payment. Revenue: 40% drop, attributed to lower ...