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CNOOC-Backed Phase IV Project of Brazil's Mero Oilfield Begins Production Ahead of Schedule
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The Phase IV project of the ultra-deepwater pre-salt Mero Oilfield in Brazil, in which CNOOC (00883.HK) (600938.SH) is a participant and stakeholder, has recently commenced production two months ahead of schedule, according to Xinhua News Agency. Huang Yehua, General Manager of CNOOC Brazil, stated that all four phases of the Mero Oilfield project have adopted a fully offshore development model, and the first three phases have maintained stable production since coming online. AAStocks Financial News |
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