Chinese CNOOC wants to expand production in Brazil, evaluates pre-salt auction

05/08/19

Chinese oil company CNOOC wants to expand production in Brazil and is considering participating in a bidding round of Brazilian oil and gas areas scheduled for this year, said the president of the Brazilian unit of the company, Sheng Jianbo.

In addition to the pre-salt oil auction, on November 7, Brazil plans to hold another round of sale of fields in the major producing region, the Transfer of Rights surpluses, scheduled for October 28.

CNOOC, which is already a Petrobras partner in the mega area of Libra, estimates that this project in the Santos Basin pre-salt is progressing well, with the Long-Term Test producing 58,000 barrels of oil equivalent per day, Jianbo said.

He also said that the company is looking for a partner for Block-592, in Espírito Santo.

Source: Extra

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