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GTU Plant View

OTHER OGX HIGHLIGHTS

Exploration and Development Equipment

In accordance with our plan to gradually return our drilling rigs as a part of our transition to a production-focused campaign in the Campos and Santos basins, in February 2013, we returned the Ocean Lexington rig upon completion of the drilling of the Tulum well and the expiration of our contract with Diamond Offshore. We also returned the Ocean Ambassador rig in September 2012.

Going forward, we expect to share one of our rigs with Perenco during 2013 (OGX 50%/Perenco 50%) and with QGEP (OGX 40%/Consortium 60%) for the development of Atlanta field.

Our rig count between 2013 and 2015 is projected to be:

 
Year       2013       2014       2015
Average number of rigs in fleet       3.2       2.4       1.4
 

Operator A Qualification

In October 2012, OGX obtained Operator A qualification from the ANP, allowing the Company to operate blocks located in deepwaters and ultra-deepwaters, in addition to shallow waters and onshore, where Operator B already operates.

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