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CNOOC Limited Announces Buzios7 Project Commences Production

CNOOC Limited announced that the Buzios7 Project has commenced production safely on February 16, 2025.
The Buzios oilfield, the largest deep-water pre-salt oilfield, is located in Brazil's Santos Basin, and production is expected to reach up to 1 million barrels per day in the second half of 2025.
Buzios7 includes the production of 15 development wells and utilizes one of the largest Floating Production, Storage, and Offloading units worldwide.
CNOOC Petroleum Brasil Ltda holds a 7.34% interest in the Buzios Shared Reservoir, while Petrobras holds 88.99% interest.

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The Conway Daily Sun

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CNOOC Limited Announces Buzios7 Project Commences Production

HONG KONG, Feb. 16, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Buzios7 Project has commenced production safely.

CNOOC's Buzios7 project begins production in Brazil

CNOOC Limited announced on Monday that its Buzios7 project, located in the Santos Basin off the Southeast coast of Brazil, has safely started production.

6 days ago·China

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pressreach.com

CNOOC Limited Announces Buzios7 Project Commences Production - PressReach

HONG KONG, Feb. 16, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Buzios7 Project has commenced production safely. 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. Buzios7 is the sixth project commissioned of the oilfield. It will…

5 days ago

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