China's CNOOC commences production at Buzios-7 project off Brazil

Reuters2025-02-17

China's CNOOC commences production at Buzios-7 project off Brazil

SINGAPORE, Feb 17 (Reuters) - China's offshore oil and gas major CNOOC Ltd 600938.SS, 0883.HK said on Monday it has started pumping oil from the Buzios 7 project, which is part of a deepwater project off Brazil.

Buzios 7 is the sixth development project of the Buzios oilfield located in the Santos basin, offshore southeast Brazil, with a water depth of 1,900 to 2,200 meters.

With a total of 15 wells planned for the project, Buzios' crude oil output is expected to rise to one million barrels per day (bpd) in the second half of 2025, CNOOC said in a statement.

It did not provide the field's current production level.

The Buzios field features a key facility, a China-manufactured floating production storage and offloading (FPSO) unit designed to produce 225,000 bpd of oil and process 12 million cubic meters of natural gas a day, CNOOC said.

Brazilian state firm Petrobras owns 88.99% of the Buzios field. CNOOC holds a 7.34% stake and China's top oil major CNPC owns 3.67%.

(Reporting by Chen Aizhu; Editing by Sonia Cheema)

((aizhu.chen@thomsonreuters.com; Reuters Messaging: aizhu.chen.reuters.com@reuters.net))

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CNOOC holds a 7.34% stake and China's top oil major CNPC owns 3.67%. </p><p> (Reporting by Chen Aizhu; Editing by Sonia Cheema)</p><p> ((aizhu.chen@thomsonreuters.com; Reuters Messaging: aizhu.chen.reuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nL2N3P801Z:1","article_id":"2512399829","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512399829","pubTimestamp":1739761364,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China's CNOOC commences production at Buzios-7 project off Brazil SINGAPORE, Feb 17 (Reuters) - China's offshore oil and gas major CNOOC Ltd 600938.SS, 0883.HK said on Monday it has started pumping oi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80883":"中国海洋石油-R","600938":"中国海油","BK1521":"挪威政府全球养老基金持仓","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK1238":"石油与天然气的勘探与生产","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0274":"油气开采","BK1589":"北水核心资产","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","BK1528":"石油股票概念","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","BK1610":"ETF&股票定投概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","00883":"中国海洋石油","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC"},"translate_title":"中国海油巴西Buzios-7项目开始生产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":0.6,"600938":0.9,"00883":0.9},"content_text":"China's CNOOC commences production at Buzios-7 project off Brazil SINGAPORE, Feb 17 (Reuters) - China's offshore oil and gas major CNOOC Ltd 600938.SS, 0883.HK said on Monday it has started pumping oil from the Buzios 7 project, which is part of a deepwater project off Brazil. Buzios 7 is the sixth development project of the Buzios oilfield located in the Santos basin, offshore southeast Brazil, with a water depth of 1,900 to 2,200 meters. With a total of 15 wells planned for the project, Buzios' crude oil output is expected to rise to one million barrels per day (bpd) in the second half of 2025, CNOOC said in a statement. It did not provide the field's current production level. The Buzios field features a key facility, a China-manufactured floating production storage and offloading (FPSO) unit designed to produce 225,000 bpd of oil and process 12 million cubic meters of natural gas a day, CNOOC said. Brazilian state firm Petrobras owns 88.99% of the Buzios field. CNOOC holds a 7.34% stake and China's top oil major CNPC owns 3.67%.  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