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CNPC winning the bidding for the deep sea pre-salt project of Brazil by taking a stake
2019/11/12

From November 6 to7, local time of Brazil, CNPC won the bidding of Búzios field, a large-scale project in operation, and Aram field. In the bid winner consortium for Búzios project, Petrobras holds 90% stake, and CNPC and CNOOC hold 5% stake respectively. In the bid winner consortium for Aram project, Petrobras holds 80% stake and CNPC holds 20%.

Búzios field is located in the core of the pre-salt area of Brazil in immediate vicinity of Libra oilfield, which was put into operation in April 2018. Aram field represents the largest block in terms of area, namely 4,869 sq.km, among the five rounds of pre-salt oilfields bid invitation Brazil has held.

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