Global Leader in International Production Industry News

posted in:

OGX - www.youroilandgasnews.com

OGX announces start of production of its third well in the Tubarão Azul Field

Monday, Jan 07, 2013

OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3; OTC: OGXPY.PK), Brazil’s largest private oil and natural gas exploration company, announces that it has connected and started its third production well in the Tubarão Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and adjusting process and today initiated the effective oil production.

“We are thrilled that production has started at our third well in the Tubarão Azul Field, which will contribute to increasing OGX’s current production levels.”

Luiz Carneiro, Chief Executive Officer of OGX says: "We are thrilled that production has started at our third well in the Tubarão Azul Field, which will contribute to increasing OGX’s current production levels."

Prior to the beginning of production of TBAZ-1HP well, the FPSO OSX-1 was producing at an average of 10,100 barrels of oil equivalent per day, connected to two production wells, OGX-26HP and OGX-68HP. The TBAZ-1HP well has a horizontal section of 1,200 meters and is located approximately 3 kilometers away from the first two production wells.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Production News

EnerJex Resources announces Niobrara operations update and development plans 23-04-2014
PTTEP acquires Hess Corporation in Thailand to strengthen its Thailand investment 23-04-2014
Aker Solutions and Baker Hughes form subsea production alliance 23-04-2014
FX Energy reports successful production test at Tuchola-4K well 22-04-2014
Drilling and production update 18-04-2014
Dejour sees 60% increase in net production at Woodrush 16-04-2014
Oil and gas drilling and production brought to life 15-04-2014
Platform P-20 resumes production 09-04-2014
Gastar Exploration announces Marcellus shale production temporarily interrupted due to rupture of third party-operated pipeline 09-04-2014
Petrobras starts-up third well at Sapinhoá field and registers a new monthly production record in the pre-salt 07-04-2014