OGX Declares Its Campos, Santos Basin Assets Commercial

OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil,  has submitted to the National Petroleum, Natural Gas and Biofuels Agency (ANP) declarations of commerciality for the Pipeline, Fuji and Illimani accumulations in the Campos Basin, as well as Discovery Evaluation Plans (PAD) for the Tulum, Viedma and Vesúvio accumulations in the Campos Basin and for Curitiba, Belém and Natal in the Santos Basin.

Luiz Carneiro, CEO of OGX, commented, “The end of the exploration period of the Campos and Santos basins represents OGX’s transition focused on the development of our assets and production ramp-up. We will continue our project execution seeking for quality resources and implementing industry best practices to optimize our reservoirs.”

[mappress]