RIO DE JANEIRO, May 31 (Xinhua) The Buzios5 Project of the Buzios oilfield in Brazil began production on Wednesday, said the China National Offshore Oil Corp
CNOOC Petroleum Brasil has doubled its stake in the Buzios oilfield in Brazil to 10 percent from 5 percent, its parent China National Offshore Oil Corp announced on Thursday.
SAO PAULO: Chinese oil and gas firm CNOOC Ltd wants to exercise an option and acquire an additional 5% stake in production rights for the Buzios oilfield for US$2.08bil (RM8.71bil), according to the oilfield’s owner, Brazil’s Petrobras.