SEHK:883Oil and Gas
How CNOOC’s New Buzios6 FPSO Start-Up Could Shape CNOOC (SEHK:883) Investors
CNOOC Limited has confirmed that the Buzios6 Project in Brazil’s Santos Basin has safely started production, adding an FPSO-based system with 13 planned wells and lifting the giant Buzios oilfield’s installed capacity to 1.15 million barrels per day.
The Buzios6 FPSO’s combination of large-scale oil and gas processing, substantial storage, and emissions-reducing technologies highlights how CNOOC is pairing growth in deep-water output with efforts to improve environmental performance.
We’ll...