Brazil: FPSO OSX-1 En Route to OGX’s Waimea Accumulation

The FPSO OSX-1, the first oil and gas floating production, storage, and offloading unit in OSX´s fleet, is heading today towards Waimea, in the Campos Basin where it will begin the process of producing the first oil for its anchor client OGX, a largest privately owned oil and gas company in Brazil.

The unit was built in Korea and customized in the Keppel shipyard, in Singapore. The final testing phases were concluded in Rio de Janeiro. The OSX-1 is 271.75 meters long and has a storage capacity of up to 900 thousand barrels of oil. The vessel has been leased to Eike Batista’s OGX for a 20-year period.

“The FPSO OSX-1 will produce the first oil for our client OGX which has been carrying out the largest offshore exploratory campaign ever accomplished by a private company in Brazil. It is a significant inaugural milestone in the history of the EBX Group, and we are very proud to be a part of this history”, stated Luiz Eduardo Guimarães Carneiro, CEO of OSX.

OGX has completed the operation to connect the mooring system to the first production well in the Waimea deposit, the OGX-26. All the coiled tubing has been connected in place and tested both in the wet Christmas tree and in the turret buoy. The buoy was positioned at the proper depth to be connected to the FPSO OSX-1 as soon as it arrives at the site.

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Offshore Energy Today Staff, January 11, 2012; Image: OSX