FPSO OSX-1 Completes Journey from Singapore to Brazil

FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company.

Chartered for OGX for a period of 20 years, the destination of FPSO OSX-1 will be the Waimea accumulation, located in the Campos Basin, where the unit will start production of OGX’s first oil.

The vessel was built in Korea and was customized in Singapore, at Keppel’s shipyard, to meet the technical specifications requested by OGX and Brazilian legal requirements.

During the next days, FPSO OSX-1 will undergo mandatory procedures before the relevant Brazilian authorities. After that, the vessel shall be in sheltered waters in Rio de Janeiro, for sailing to the production field in the Campos Basin.

“OSX’s team proudly shared the routine of this pioneering journey through the FPSO OSX-1’s hotsite. For us, the arrival of this vessel in Brazil represents two inaugural milestones. We delivered the production unit that will produce the first oil for our key customer OGX. And, with that, we inaugurated OSX’s offshore units’ fleet, which shall be comprised of dozens of similar units in the next decade. OSX’s production fleet shall be instrumental in transforming our country into one of the world’s largest oil producers, opening a horizon of opportunities for future generations of Brazilians!” said Luiz Eduardo Guimarães Carneiro, OSX’s Chief Executive Officer.

[mappress]
Source: OSX, October 6, 2011.