CNOOC-linked giant subsalt ultra-deepwater oil field in Brazil enters production stage

11.05.2022

Phase one of Mero, a global giant subsalt ultra-deepwater oil field jointly developed by China National Offshore Oil Corp (CNOOC), has gone into production in Brazil, the company told the Global Times.

Analysts have stressed the significance of exploring offshore oil resources as China remains highly dependent on imported oil. Stepping...