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OGX announces the beginning of production in the second well of the Tubarão Martelo field in the Campos Basin
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3; OTC: OGXPY.PK), announces that, yesterday, it has begun the production of the second well – OGX-44HP- of the Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks.

date.png10 Dec 2013 11:41 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX acquired interests in 13 exploration blocks in Equatorial Margin and Parnaíba Basin during the 11th Bidding Round
OGX Petroleo e Gas Participacoes SA ("OGX") (Bovespa: OGXP3; OTC: OGXPY.PK), the Brazilian oil and natural gas accounts for the largest private sector exploratory campaign in Brazil, hereby announces the acquisition of concession rights over 7 exploration blocks in deepwater and two exploration blocks in shallow waters located in the Equatorial Margin, plus four onshore blocks located in the Parnaíba Basin, during the 11th Bidding Round organized by the National Agency Oil, Natural Gas and Biofuels (ANP).

date.png22 May 2013 06:48 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

First year of operation of FPSO OSX-1 at Campos Basin
OSX, an offshore and shipbuilding company of the EBX Group, celebrated today (January 31st) one year of operations of its first offshore production unit, the FPSO OSX-1. The vessel produced OGX´s first oil in January 2012 and is operating at the Tubarão Azul field located in the shallow waters of Campos Basin (off the coast of Rio de Janeiro State).

date.png01 Feb 2013 07:20 | comments.png 0 Comments | tags.png brazil ogx osx s-america upstream [ More ]

OGX declares commerciality of the accumulation of Bom Jesus in the Parnaíba Basin
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3; OTC: OGXPY.PK), the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced today that it has presented, through its subsidiary OGX Maranhão Petróleo e Gás SA, a declaration of commerciality for the Bom Jesus accumulation to the National Petroleum, Natural Gas and Biofuels Agency (ANP). The Bom Jesus accumulation was discovered in blocks PN-T-67 and PN-T-68 in the Parnaíba Basin.

date.png27 Jan 2013 08:41 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX Maranhão obtained Operation Permit for commencement of production of natural gas in the Parnaíba Basin
OGX Petroleo e Gas Participacoes SA ("Company" or "OGX") (Bovespa: OGXP3, OTC: OGXPY.PK), the Brazilian oil and natural gas accounts for the largest exploratory campaign private in Brazil, announced today that OGX Maranhão has obtained the Operating License, authorizing the commencement of production and marketing of natural gas fields and Royal Hawk Blue Hawk in Parnaíba Basin. The license was issued by the State Secretariat of Environment and Natural Resources of Maranhão (SEMA / MA).

The development project of Camp Hawk Real is well advanced and on schedule. All production wells have been drilled and are in the process of completion and interconnection to the Gas Treatment Unit (GTU). The production of natural gas in the Field of Real Hawk will begin in Q4 of this year, with the commissioning of the UTG, and turbines Thermoelectric Complex MPX Parnaíba and commercial production will occur in early 2013.

OGX Maranhão, an entity formed by OGX SA (66.6%) and MPX Energia SA (33.3%) is the operator and holds a 70% interest in block PN-T-68, where are the fields Hawk Royal Blue and Hawk, while Petra Energia SA holds the remaining 30%.

date.png26 Sep 2012 05:37 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX Maranhão concludes drill-stem test for well OGX-88 in the Parnaíba Basin
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3; OTC: OGXPY.PK), the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announces that it has concluded the drill-stem test in well OGX-88, in the Bom Jesus accumulation, located in the PN-T-68 block, within the onshore Parnaíba Basin. OGX Maranhão, an entity formed by OGX S.A. (66.6%) and MPX Energia S.A. (33.3%), is the operator of the block and holds a 70% stake, while Petra Energia S.A. holds the remaining 30%.

date.png26 Jul 2012 05:20 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX defines the level of production per well in the Field of Blue Shark
The OGX Petroleo e Gas Participacoes SA ("OGX") (Bovespa: OGXP3, OTC: OGXPY.PK), a Brazilian company of oil and natural gas accounts for the largest private sector exploratory campaign in Brazil announced today that after nearly five months of operation of test (EWT) in the Field of Blue Shark (prior accumulation of Waimea), whose development plan was filed on June 1, 2012 the National Agency for Oil, Gas Natural and Biofuels (ANP) has defined the ideal flow of 5,000 barrels of oil equivalent per day per well for the first two wells at this early stage, still without water injection.

Since the beginning of the TLD, the OGX OGX-26HP-68HP and were tested with flow rates ranging from 4 to 18 thousand barrels of oil equivalent per day ensuring a better understanding of the reservoir model and indicating the need for replacement of centrifugal pump submerged of OGX-26HP by a pump of different characteristics in order to adjust the capacity of the pump optimum flow well.

During the past five days, during the arrest of OGX-26 to replace the pump, the OSX-1 has shown production of 7.4 million barrels of oil equivalent per day in the OGX-68 and has maintained satisfactory levels of pressure in the vessel.

Over the next 12 months, more than two producing wells and two water injection wells will be connected to the FPSO OSX-1, so as to gradually increase the production of oil field Blue Shark. In addition to water injection, we use technology and other hydraulic fracturing chemicals known in the petroleum industry to optimize production.

OGX remains confident in the recovery of 110 million barrels of oil equivalent Field of Blue Shark especially because during the TLD were also identified natural fractures connecting the OGX-26 and OGX-68.

"All these decisions have been taken to ensure the Field of Blue Shark and a sustainable exploitation in accordance with industry best practices," commented Paulo Mendonça, CEO of OGX.

With regard to future projects to come into operation, the Company advises that the production units already contracted, FPSOs OSX and OSX-2-3, which are at an advanced stage of construction in Singapore, have their arrival in Brazil and early production expected for the second half of 2013.

date.png27 Jun 2012 07:47 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX declares commerciality of part of the Waimea Basin Complex Field (1st module production)
The OGX Petroleo e Gas Participacoes SA ("OGX") (Bovespa: OGXP3, OTC: OGXPY.PK), a Brazilian company of oil and natural gas accounts for the largest private sector exploratory campaign in Brazil announced today that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) Declaration of Commercial Viability of part of the complex Waimea, whose new name proposed for this area is Field of Blue Shark, contained in the block BM-C-41 in the shallow waters of the Campos Basin. OGX holds 100% interest in these blocks.

date.png15 May 2012 12:54 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX declares commerciality of the accumulation of Waikiki in the Campos Basin
The OGX Petroleo e Gas Participacoes SA ("OGX") (Bovespa: OGXP3, OTC: OGXPY.PK), a Brazilian company of oil and natural gas accounts for the largest private sector exploratory campaign in Brazil announced today that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) Declaration of Commercial Viability of the accumulation of Waikiki, whose proposed new name is Hammerhead Shark Field, contained in the block BM-C-39 and BM-C- 40, in shallow waters of the Campos Basin. OGX holds 100% interest in these blocks.

date.png26 Apr 2012 10:45 | comments.png 0 Comments | tags.png brazil ogx s-america upstream [ More ]

OGX Announces the request of the OSX construction and chartering of WHPs 3:04
The OGX Petroleo e Gas Participacoes SA ("OGX") (Bovespa: OGXP3, OTC: OGXPY.PK), a Brazilian company of oil and natural gas accounts for the largest private sector exploratory campaign in Brazil announced today ordered to be OSX Brazil SA (OSX), pursuant to the Cooperation Agreement signed between them on February 26, 2010, the construction and charter of the Well Head Platforms (WHP) 3:04, in addition to 1 and WHPs 2 already ordered and under construction by Techint Engineering & Construction SA (Techint).

date.png22 Apr 2012 10:32 | comments.png 0 Comments | tags.png brazil ogx s-america services [ More ]
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