The China National Offshore Oil Corporation (CNOOC) has started production at the large Buzios field in Brazil, Report informs referring to the company’s website.
“On June 1, CNOOC Limited announced that Buzios5 Project has commenced production safely,” reads the message.
Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with a water depth of 1,900 to 2,200 meters. It is the largest deep-water pre-salt oilfield in the world, with a daily production of about 600,000 barrels at present. Buzios5 is the fifth phase of oilfield development.
The project has already drilled 5 producing wells and 5 injectors. These wells will produce up to 150,000 barrels of crude oil, 6 million cubic meters of natural gas and inject 220,000 barrels of water per day.
CNOOC Petroleum Brasil Ltda, a wholly-owned subsidiary of the Company, holds a 7.34% interest in the Buzios Shared Reservoir, while the operator Petrobras holds 88.99%, and CNODC Brasil Petróleo e Gás Ltda holds 3.67%.