Chinese company participates in the construction of the fourth phase of the Brazil Mero oil field project, which has been put into operation ahead of schedule.

The fourth phase of the Mero oil field project in Brazil, which is constructed and owned by CNOOC China National Offshore Oil Corporation, has recently been put into production ahead of the original schedule by two months. Huang Yehua, General Manager of CNOOC Brazil, stated that all four phases of the Mero oil field project have adopted a complete offshore development model, with the first three phases maintaining good production status since their start of operation. The third phase of the project began production in October last year and peaked at a daily production of 180,000 barrels in mid-May of this year. The early production of the Mero phase four is a testament to the high-quality collaborative development of the oil field. Brazil possesses abundant deepwater oil and gas resources with excellent geological characteristics. The Mero oil field is located in the northwest part of the Libra block in the Santos Basin in the southeastern sea of Brazil, with water depths ranging between 1800 and 2100 meters for the current production.