CNOOC Begins Offshore Exploration Of Its Oil Field In Brazil, With Investments Around US$ 20 Billion

Written by Ruth Rodrigues

Published on 11/05/2022 at 13:36

Foto: China Daily/Agencies

Seja o primeiro a reagir!

CNOOC Now Advances Its Expansion in Oil Production in Brazil and Commences Operations at Its Offshore Exploration Field

The China National Offshore Oil Corp (CNOOC) has initiated the pre-salt project in deep waters located in the Santos Basin, situated between Rio de Janeiro and Espírito Santo, this past Monday, (09/05). Now, the company continues with its expansion plan in offshore oil exploration, aiming for even greater commercialization with the international fuel market.

https://twitter.com/BRASIL_ACABOU/status/1523851323086708738

CNOOC Field That Cost US$ 20 Billion Is Now Operational for Offshore Oil Exploration and Commercialization in the International Market

The startup of oil production at the CNOOC field in Brazil is the latest effort from the country’s leading offshore oil and gas producer to increase oil and gas production abroad. Thus, the company has begun exploration in pre-salt locations as a way to boost this market internationally, as Brazil possesses a high reserve of fuel and is a world leader in exploration through this pre-salt technology.

The company’s investment of US$ 20 billion in the construction of the offshore oil exploration field was based on the high potential that the country has around this fuel. With the completion of construction and the start of operations, the site can now produce 180,000 barrels of crude oil per day and is expected to reach its peak production by the end of 2022. This is the company’s major bet for its growth in the international oil and gas market and involved all efforts from CNOOC to have a high-productivity plant.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

CNOOC is one of the largest companies in the offshore oil exploration sector globally. One of the company’s significant achievements is that it currently holds a 9.65% stake in the Mero block, alongside operator Petrobras (38.6%) and partners Shell PLC (19.3%), TotalEnergies (19.3%), and China National Petroleum Corp (9.65%), with Pre-Sal Petroleo SA holding 3.5% as a representative of the Federal Union. Thus, the expansion plan for fuel production in Brazil aims to increase this presence even further globally.

Offshore Oil Exploration Extracted Through Pre-Salt Is the Great Global Market Bet, and China National Offshore Oil Corp Seeks to Grow in This Field with the New Field in Brazil

Executive Huang Yehua, general manager of CNOOC’s Brazilian unit, commented on the future of the oil and gas industry globally and stated that the company is actively outlining plans to participate in oilfield projects in pre-salt around the world and will continue to intensify investments in the sector. This is because the productivity of offshore oil projects in these fields is highly elevated compared to other production blocks.

He also confirmed that the inauguration of the new field is not the only project aimed at the pre-salt and stated that CNOOC also holds a 5% stake in the Búzios field, in the pre-salt area of the Santos Basin. This region currently has an annual production capacity exceeding 3 million tons of oil and is one of the most efficient globally.

With the start of operations at the pre-salt project in deep waters located in the Santos Basin, situated between Rio de Janeiro and Espírito Santo, CNOOC is making significant progress with its growth plan in offshore oil production in Brazil.

CNOOC Begins Offshore Exploration Of Its Oil Field In Brazil, With Investments Around US$ 20 Billion

CNOOC Now Advances Its Expansion in Oil Production in Brazil and Commences Operations at Its Offshore Exploration Field

CNOOC Field That Cost US$ 20 Billion Is Now Operational for Offshore Oil Exploration and Commercialization in the International Market

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Offshore Oil Exploration Extracted Through Pre-Salt Is the Great Global Market Bet, and China National Offshore Oil Corp Seeks to Grow in This Field with the New Field in Brazil

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

A couple builds a system to bring water from the spring to their land, climbs a hill with materials on their backs, and creates a simple, cheap, and sustainable solution to ensure their own water supply.

The end of total solar eclipses has a deadline: the Moon is moving away from the Earth at about 3.8 cm per year, and in approximately 600 million years, it will no longer completely cover the Sun, ending one of the rarest coincidences in the Solar System.

With 40% of all the gold on the planet buried in a single geological basin that is 2.7 billion years old in South Africa, the Witwatersrand still hides R$ 3 trillion in unreachable reserves.

In the depths of the African forest, these rare and terrifying native species dominate rivers, swamps, and treetops with venom, brute strength, lethal teeth, and behaviors that seem impossible in the heart of the wild.

Denmark resumes the idea of building the world’s first energy island with $30 billion, connecting several countries and changing the European energy game amid uncertainty due to the war in Iran.

In the interior of Bahia, gigantic “perfect” circles drawn on the land appear from space as targets kilometers in diameter, revealing irrigation systems so precise that they transform crops into geometric patterns visible from orbit.

With a 293.5 cm³ engine and a range of up to 400 km with a 14.1-liter tank, the Honda CB 300F Twister 2026 has up to 24.7 hp, an initial price of R$ 25,150, and already exceeds R$ 29,000 in the Fipe Table.

House without a door and without a window: a resident lives high in the mountains, says he enjoys the “free life,” mentions that the cat comes and goes hunting bats and rats, and that when it rains he wakes up with wet feet.

Satellite images show that Morocco became so green in 2026 that the country looks different from space: two months of heavy rains transformed arid land into dense vegetation for the first time in a decade.

CNOOC Begins Offshore Exploration Of Its Oil Field In Brazil, With Investments Around US$ 20 Billion

CNOOC Now Advances Its Expansion in Oil Production in Brazil and Commences Operations at Its Offshore Exploration Field

CNOOC Field That Cost US$ 20 Billion Is Now Operational for Offshore Oil Exploration and Commercialization in the International Market

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Offshore Oil Exploration Extracted Through Pre-Salt Is the Great Global Market Bet, and China National Offshore Oil Corp Seeks to Grow in This Field with the New Field in Brazil

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

A couple builds a system to bring water from the spring to their land, climbs a hill with materials on their backs, and creates a simple, cheap, and sustainable solution to ensure their own water supply.

The end of total solar eclipses has a deadline: the Moon is moving away from the Earth at about 3.8 cm per year, and in approximately 600 million years, it will no longer completely cover the Sun, ending one of the rarest coincidences in the Solar System.

With 40% of all the gold on the planet buried in a single geological basin that is 2.7 billion years old in South Africa, the Witwatersrand still hides R$ 3 trillion in unreachable reserves.

In the depths of the African forest, these rare and terrifying native species dominate rivers, swamps, and treetops with venom, brute strength, lethal teeth, and behaviors that seem impossible in the heart of the wild.

Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.

A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.

Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

Naturgy begins an investment of R$ 1.6 million to expand the gas network in Niterói and benefit thousands of new residences and businesses.

Denmark resumes the idea of building the world’s first energy island with $30 billion, connecting several countries and changing the European energy game amid uncertainty due to the war in Iran.

In the interior of Bahia, gigantic “perfect” circles drawn on the land appear from space as targets kilometers in diameter, revealing irrigation systems so precise that they transform crops into geometric patterns visible from orbit.

With a 293.5 cm³ engine and a range of up to 400 km with a 14.1-liter tank, the Honda CB 300F Twister 2026 has up to 24.7 hp, an initial price of R$ 25,150, and already exceeds R$ 29,000 in the Fipe Table.

House without a door and without a window: a resident lives high in the mountains, says he enjoys the “free life,” mentions that the cat comes and goes hunting bats and rats, and that when it rains he wakes up with wet feet.

Satellite images show that Morocco became so green in 2026 that the country looks different from space: two months of heavy rains transformed arid land into dense vegetation for the first time in a decade.