Brazil OGX's Tubarao Azul field produces 10,500-11,000 boepd

8/15/2012

Brazil OGX's Tubarao Azul field produces 10,500-11,000 boepd

BY JEFF FICK

RIO DE JANEIRO--Brazilian independent oil producer OGX has boosted production at its Tubarao Azul, or Blue Shark, field with the restart of output from a second production well at the field, Chief Financial Officer Roberto Monteiro said Wednesday.

Speaking during a conference call with analysts and investors, Mr. Monteiro said Tubarao Azul is producing an average of between 10,500 and 11,000 boepd. That was up from an average of 7,000 bpd in July.

Mr. Monteiro said that in the second week of August, a production well at the field that had been shut down for maintenance was reconnected and started output. Output from the well, however, has interfered with the performance of the other well operating at the field, Mr. Monteiro said.

Dow Jones Newswires

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