OGX announces start of production of its third well in the Tubarao Azul field

1/7/2013

OGX announces start of production of its third well in the Tubarao Azul field

RIO DE JANEIRO -- OGX announced that it has connected and started its third production well in the Tubarao Azul field, TBAZ-1HP, situated in the Campos basin, on December 31, 2012, which was under cleaning and adjusting process and initiated the effective oil production.

Luiz Carneiro, CEO of OGX says: "We are thrilled that production has started at our third well in the Tubarao 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 bopd, connected to two production wells, OGX-26HP and OGX-68HP. The TBAZ-1HP well has a horizontal section of 1,200 m and is located approximately 3 km away from the first two production wells.

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