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GTU Plant View

Upcoming Events

OGX has several important events planned for the coming months, including:

  • Ramp up gas production with the synchronization of the fourth TPP turbine in the Parnaíba Basin
  • Commence the execution of the PADs by drilling appraisal wells and performing tests in the Campos and Santos basins
  • Continue the exploration and wildcat campaigns in the Parnaíba and Espírito Santo basins
  • Update our resource evaluation report
  • Receive the FPSOs OSX-2 and OSX-3 expected to arrive in the 3Q13 and first production wells expected to come on-stream by the end of the year

OPERATIONS REVIEW

PRODUCTION

CAMPOS BASIN

  • Total production volume of 3.2 million boe in the Tubarão Azul Field in 2012 (907 thousands boe in 4Q12, 9.6% higher than the previous quarter)
  • Sale of 2.4 million barrels of oil in 2012, distributed in four cargos
    • 547 thousand barrels of oil to Shell, in March 2012
    • 247 thousand barrels of oil to Shell, in April 2012
    • 790 thousand barrels of oil to Shell, in July 2012
    • 809 thousand barrels of oil to Reliance, in October 2012
  • Sale of 1.2 million barrels of oil in 2013, distributed in two cargos
    • 779 thousand barrels of oil to ENAP, in January 2013
    • 425 thousand barrels of oil to BP, in February 2013
  • Connection start-up of the third production well in the Tubarão Azul Field, TBAZ-1HP
  • Drilling and lower completion of six production wells in the Tubarão Martelo Field
  • Final stage of reservoir engineering for FPSO OSX-2 installation, with delivery scheduled for 3Q13

Tubarão Azul Field Development

Since commencing production on January 31 2012, the Tubarão Azul Field has produced more than 3.9 million barrels of oil and delivered six shipments. Average daily production in the thirteen months of production from January 31, 2012 to February 28, 2013 was 10.2 kboepd, and, in the fourth quarter, average daily production in the first two production wells, OGX-26HP and OGX-68HP, was 10.2 kboepd, in line with expectations and with stable flows rates of above 5.0 kboepd on average per well.

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