China Petroleum participates in the bid for the Brazilian deep sea salt project


 China Petroleum Network News (Special Reporter Zhang Yuelei) In Brazil's local time from November 6th to 7th, in the two rounds of bidding for the salt-salt oil block held by the Brazilian government, PetroChina won the bid for the large-scale production of Buzios. Project and Aram block project. Following the Ribeira and Peroba projects, they once again participated in the cooperation of the Brazilian deep sea salt project, which injected new impetus into deepening the oil and gas cooperation between China and Pakistan.

It is reported that in the Buzos project winning bid, Brazil's national oil accounted for 90% of the shares, PetroChina and CNOOC each accounted for 5%; in the Alam project winning bid, Brazil's national oil accounted for 80% of the shares, China's oil accounted for 20%. The multi-round tender attracted the attention of the whole world. PetroChina has fully utilized its cooperation experience in the Brazilian oil and gas market in recent years, and upholds the concept of mutual complementarity and mutual benefit, and firmly grasps the favorable opportunities for China and Pakistan to strengthen comprehensive strategic cooperation, build partnerships and share opportunities for cooperation in Brazil. At the upcoming Brick Summit, the parties finally reached a consensus and the two projects won the bid.

The Buzzos oil field is located in the core area of ​​Brazil's subsalt, close to the Ribeira oil field, and was commissioned in April last year. According to Pakistani data, the current production capacity of the Buzios oil field is about 600,000 barrels per day, and the cumulative oil production is 100 million barrels. The Alam oilfield block is the largest block in the five rounds of salt subfield oil tenders already held in Brazil, reaching 4,869 square kilometers.

The successful bid is of great significance for expanding the cooperation between PetroChina and international oil companies and accelerating the construction of the Latin American deep-sea oil and gas cooperation demonstration zone. At the end of 2013, PetroChina officially entered Brazil to carry out upstream deep-sea oil and gas cooperation. Currently, it operates two ultra-deep sea salt projects of Ribeira and Peropa. The successful bidding of the two projects is another important achievement of the implementation of the strategic cooperation agreement between the group company and Brazil's Petronas, further optimizing the asset structure and strategic layout, and implementing the strategy of “making the Americas” and high quality construction for the group company. The “two cooperation zones” in the region laid a solid foundation.

The project team will adhere to the concept of “co-construction, co-construction and sharing”, strengthen pragmatic cooperation with partners, and strive to build a closer community of interests and make greater contributions to the quality and efficiency of the overseas business of the group.
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