CNOOC Brazil Buzios 6 project put into production

CNOOC (00883.HK) has safely put the Buzios 6 project in Brazil into production.

The Buzios oil field is located in the southeastern offshore Santos Basin of Brazil and is the world's largest deepwater saltwater oil field. The Buzios 6 project is the seventh production project of this oil field, utilizing a Floating Production Storage and Offloading (FPSO) unit combined with a subsea production system for development. The project deploys 13 development wells, including 6 production wells and 7 injection wells. After the project is put into production, the total production capacity of the Buzios oil field will reach 1.15 million barrels per day.

The FPSO used in the Buzios 6 project has a designed crude oil processing capacity of 180,000 barrels per day, a natural gas processing capacity of 7.2 million cubic meters per day, and a designed oil storage capacity of 2 million barrels. To enhance environmental performance, this FPSO employs decarbonization technologies such as a closed flare and heat recovery technology, which help reduce greenhouse gas emissions and facility energy consumption.

CNOOC Petroleum Brasil Ltda., a wholly-owned subsidiary of China National Offshore Oil Corporation, holds a 7.34% interest in the integrated development project of the Buzios oil field, with operator Petrobras holding an 88.99% interest and CNODC Brasil Petroleo e Gas Ltda. holding a 3.67% interest