Xinhua News Agency, June 1, China National Offshore Oil Corporation (CNOOC) Brazil's Buzios5 project was officially put into production today, according to a reporter of the CIFA news agency this morning from the China National Offshore Oil Department. It is understood that the FPSO used in the Buzios5 project was completed in China in July 2022 and arrived at the Brazilian oil field in February 2023 with a designed oil storage capacity of 1.4 million barrels. On the value of production, CNOOC President Xia Qinglong said: "the Buzios5 project is the first project to be put into production after CNOOC completed the merger and acquisition of Buzios oil field interests, which will inject new momentum into the company's overseas production growth. We insist on mutual benefit and win-win cooperation with the governments and partners of resource countries, jointly promote the construction of world-class ultra-deepwater major projects, and make greater contributions to the sustainable development of Brazil's oil and gas industry and economy and society. " Small Cai Note: Buzios Oilfield is located in Santos Basin in the southeast of Brazil, with a water depth of 1900 to 2200 meters. It is the largest deep-water subsalt oil field in the world, and currently produces about 600000 barrels of crude oil per day. The Buzios5 project is the fifth phase of the oil field, which adopts the development mode of floating production storage and unloading unit (FPSO) + underwater production system. The first development wells include 5 production wells and 5 injection wells, with a designed daily production capacity of 150000 barrels of crude oil, 6 million square meters of natural gas processing capacity and 220000 barrels of daily water injection capacity. (financial Associated Press reporter Xing Qixin)