The fifth phase of the Buzios oilfield project in Brazil, the world's largest deepwater oilfield constructed by China National Offshore Oil Corporation (CNOOC) was put into operation on May 31.
A result of practical cooperation between China and Brazil, the project is of great significance to boost Brazil's sustainable economic and social development and push forward international energy cooperation.
The largest economic entity with the largest market scale in Latin America, Brazil is home to rich deepwater oil and gas reserves.
Located in the Santos Basin in the southeastern waters of Brazil, the fifth phase of the Buzios oilfield project has an operation depth of 1,900 to 2,200 meters.
Having adopted the traditional production mode integrating a Floating Production Storage and Offloading (FPSO) facility and underwater production system, the project now has five oil producing wells and five injection wells, with a daily crude and natural gas output of 150,000 buckets and 6 million cubic meters respectively.
The project is a milestone of CNOOC's deepwater oil exploration based on its strong manufacturing capacity and complete supply chain system.
The company has valued technological innovation related to deepwater. Focusing on industrial chain layout, it has implemented an innovation-driven strategy to promote development of deepwater oilfield exploration technologies, intending to evolve into an innovation-led energy enterprise.
(Executive editor: Xie Yunxiao)
