Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

OSX Says OSX-3 Platform Arrives in Brazil; Names Gomes as CEO

change text size

Reuters

RIO DE JANEIRO, Aug. 23 (Reuters) - OSX Brazil SA, the shipbuilding and ship-leasing unit of tycoon Eike Batista's Grupo EBX, said on Friday that its OSX-3 vessel arrived in Brazilian waters and would be delivered to sister oil producer OGX Petroleo e Gas Participações SA.

The ship, known as a floating production, storage and offloading ship, or FPSO, will arrive in Rio de Janeiro on Saturday en route from Singapore where it was built, OSX said in a securities filing. The ship has been leased by OGX to produce oil from its Tubarão Martelo offshore field northeast of Rio de Janeiro.

The arrival of OSX-3 is being carefully watched because the ship represents one of the few chances OGX, once the largest company in the troubled EBX energy, mining and logistics empire, has to develop commercial production.

The announcement also came the day OSX named Marcelo Luiz Maia Gomes as chief executive, replacing Carlos Eduardo Sardenberg Bellot, who is leaving the company.

Failure to meet output targets at OGX's Tubarão Azul field since early 2012 helped cause the meltdown of EBX, causing the value of the group once worth more than $60 billion to nearly evaporate. Tubarão Azul oil is being produced by the OSX-1 FPSO.

In May, Malaysia's Petroliam Nasional Bhd, or Petronas agreed to pay $850 million for 40 percent of two offshore oil blocks controlled by OGX. One of the blocks is home to Tubarão Martelo.

OSX also said it had canceled its contract with Spanish construction company Acciona Infraestructuras SA, which was building its shipyard at the Port of Açu, north of Rio de Janeiro. Açu is owned by EBX's port company, LLX Logística SA.

With the cancellation, OSX makes its decision to limit its shipyard at Açu to its planned first phase and mothballing construction of warehouses and docks slated for its phase 2 expansion.

(Reporting by Jeb Blount; Editing by Peter Cooney)

Copyright 2014 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
R&D Pilot Plant Analystical Lab Technician
Expertise: Technical Manager
Location: Houston, TX
 
Industrial Engineer
Expertise: Mud Engineer / Drilling Fluids, Petroleum Engineering
Location: Houston, TX
 
Production Manager
Expertise: Mud Engineer / Drilling Fluids, Petroleum Engineering
Location: Houston, TX
 
search for more jobs