HONG KONG, Jan. 2, 2026 — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) makes an announcement that the Buzios6 Project has safely started its production.
The Buzios oilfield is situated in the Santos Basin, off the southeast coast of Brazil. It is the world’s largest deep – water pre – salt oilfield. Buzios6 is the seventh project to be commissioned in this oilfield. It will be developed using an FPSO and a subsea production system. Thirteen development wells are planned for commissioning, including 6 oil producers and 7 injectors. Once Buzios6 is operational, the installed production capacity of the Buzios oilfield will reach 1.15 million barrels per day.
The FPSO used in the Buzios6 project is designed to have a production capacity of 180,000 barrels of crude oil per day and 7.2 million cubic meters of natural gas per day, and it has a storage capacity of 2 million barrels. To improve environmental performance, it is equipped with a closed flare to cut down greenhouse gas emissions and heat recovery devices to reduce energy consumption.
CNOOC Petroleum Brasil Ltda., a wholly – owned subsidiary of the Company, holds a 7.34% stake in the Buzios Shared Reservoir, while the operator Petrobras holds 88.99%, and CNODC Brasil Petróleo e Gás Ltda. holds 3.67%.
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Notes to Editors:
More information about the Company is available at .
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This press release contains forward – looking information, including statements about the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects, or financial results. Words like “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are meant to identify such forward – looking statements. These statements are based on assumptions and analyses made by the Company as of this date, considering its experience, perception of historical trends, current conditions, expected future developments, and other factors that the Company currently deems appropriate under the circumstances. However, it is uncertain whether the actual results and developments will meet the Company’s current expectations and predictions. The actual results, performance, and financial condition may vary significantly from the Company’s expectations, including but not limited to those related to macro – political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions, and divestments activities, HSSE and insurance policies, and changes in anti – corruption, anti – fraud, anti – money laundering, and corporate governance laws and regulations.
As a result, all the forward – looking statements made in this press release are subject to these cautionary statements. The Company cannot guarantee that the anticipated results or developments will be achieved, or even if they are largely achieved, that they will have the expected impact on the Company, its business, or operations.
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For further enquiries, please contact:
Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86 – 10 – 8452 – 6641
Fax: +86 – 10 – 8452 – 1441
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Mr. Cheng Yao
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SOURCE CNOOC Limited