Brazil Buzios Oil Field Project

National Oil, Natural Gas & Biofuels Agency planned to develop Brazil Buzios Oil Field Project, in Santos Basin, Santos, Sao Paulo, Brazil. Consortium of Petroleo Brasileiro SA, China National Offshore Oil Corporation and China National Offshore Oil Corporation was contractor of the project. The project covered the construction of an oil field. The project would help a sputtering economy start growing at a healthy rate.