Statoil ASA (STO)

[johnsyn]

3:18 PM Statoil (STO) expects its Peregrino offshore oil field to reach plateau production of ~100K bbls/day by mid-August as two new wells start output in coming weeks, the president of its Brazilian operations says. STO has suffered delays at Peregrino, its largest offshore operation outside Norway, because of equipment troubles that affected completion of three wells.