China, Brazil oil cooperation to boost energy security

China and Brazil have been strengthening collaboration in deep-sea oil and gas exploration in recent years, with analysts and industry leaders seeing this as a strategic move to enhance energy security and drive technological innovation for both countries.

Brazil has abundant and high-quality deep-sea oil and gas reserves, while Chinese oil and gas firms bring unique advantages in funding and market access. This complementary relationship positions their partnerships as critical to ensuring energy stability, they said.

As technological advances reshape global energy demand, deep-sea resources are increasingly viewed as a growth driver within the ocean economy, according to a research institute of the China National Offshore Oil Corp, the third-largest oil company in China.