Recently, the first production unit Guanabara FPSO (offshore floating production and storage vessel) of Mero oilfield of the Libra project participated by CNPC was successfully put into operation. Guanabara FPSO is the first large-scale production platform of Mero oilfield after the pilot production unit Pioneer FPSO was brought on stream. With a daily processing capacity of 180,000 barrels of crude oil and 12 million cubic meters of natural gas, Guanabara enjoys the largest production capacity in Brazil by far. The FPSO has a natural gas reinjection system, which can effectively reduce greenhouse gas emissions and effectively improve recovery.

Located in Santos basin, Brazil, the Libra Mero oilfield is a world-class deep-water oilfield with a water depth of 1800-2200 meters and is 164 kilometers away from the coastline. The oilfield is comprised of four production units. After the first production unit was put into operation, the other three production units with the same capacity are being built in China's Tianjin, Yantai and Shanghai.

The Libra project in Brazil is both an important achievement of the in-depth cooperation between China and Brazil, and an important growth driver for China's overseas oil and gas production. It is of great significance for the sustainable development of the local economy and society, the promotion of the Belt and Road Initiative, and international energy cooperation. The project partners include CNPC, Shell, TotalEnergies, CNOOC, the operator Petrobras (the Brazilian national oil company) and PPSA (a Brazilian government supervised company).

About CNPC

CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries, we are seeking an even greater international role. We provide energy in a profitable manner, and always attach great importance to our social and environmental responsibilities.