Companies from China continue to expand in Brazil. This time, a Chinese company captures a historic quantity of barrels of pre-salt oil, considered Brazilian treasure

Imagine a global giant breaking barriers and conquering a vital piece of the Brazilian energy market. This is exactly the story that has just been written with China's first participation in the Brazilian pre-salt auction.

But what does this mean for the future of the energy sector? Read on to discover how this move could transform global energy dynamics.

On August 6, the China National Offshore Oil Corporation (CNOOC) celebrated a historic milestone by securing a long-term contract to purchase 12 million barrels of crude oil from the Mero field in Brazil.

This field, located in one of the most promising pre-salt areas, is the third largest in ultra-deep waters on the planet. With this acquisition, CNOOC became the first Chinese company to participate in an oil auction conducted by Pré-Sal Petróleo SA (PPSA), linked to the Brazilian Ministry of Mines and Energy.

PPSA, responsible for managing oil and gas production sharing and commercialization contracts on behalf of the Brazilian government, held the in-person public auction that included four lots from the Mero and Búzios fields. In total, 37,5 million barrels of oil were offered, and CNOOC made a significant acquisition, standing out on the international scene.

CNOOC's presence in Brazil is nothing new. The company has a decade of collaboration with industry giants such as Shell, BP and Petrobras. However, This new contract not only reinforces Sino-Brazilian cooperation, but also symbolizes an advance in CNOOC's strategy of expanding its influence through the Belt and Road initiative.

The company is committed to globally integrating oil and gas resources, leveraging advanced technology to facilitate international trade in these resources.

Impact: jobs in Brazil and energy security

CNOOC's entry into the Mero field has significant implications for Brazil. The contract promises to bring substantial investments, in addition to generating new jobs and stimulating the local economy. Most importantly, collaboration between China and Brazil can open doors for future projects and investments, consolidating Brazil's role as a crucial player in global energy security.

CNOOC's achievement in auction of the Mero field is not only an advance for the Chinese company, but also a reinforcement of the energy partnership between China and Brazil. With CNOOC's technological advancement and experience, the future of Brazilian pre-salt exploration looks promising, benefiting both countries and contributing to global energy security.

How can this new alliance impact the dynamics of the energy market? Leave your opinions and expectations in the comments!