OGX
| Type | Public |
|---|---|
| Traded as | BM&F Bovespa: OGXP3 |
| Industry | Oil and gas |
| Founded | 2007 |
| Headquarters | Rio de Janeiro, Brazil |
| Key people | Luiz Eduardo Carneiro (CEO) |
| Products | Crude oil Natural gas |
| Revenue |  US$158.7 million (2012) |
| Net income |  - US$571.9 million (2012) |
| Parent | EBX |
| Website | www.ogx.com.br |
OGX Petróleo e Gás Participações S.A. is a Brazilian private oil and gas company belonging to the EBX Group. By market value, it is Brazil's second biggest oil company after Petrobras.[1]
The Canadian Pension Fund Ontario Teachers' Pension Plan owns 10.7% of company shares.
Contents |
History [edit]
OGX was founded in 2007. In June 2008 it held initial public offering and the company was listed at BM&F Bovespa.[2]
In September 2009, the company started its exploration activities.[3] At the same year OGX made its first oil discovery at the Waimea offshore field and on 31 January 2012 it started oil production.[4] It made several other oil discoveries.[5]
In 2010, it discovered oil at the Pero and Inga fields in Block BM-C-40.[6]
Operations [edit]
OGX is engaged in onshore and offshore exploration and production activities. It owns exploratory blocks in the Campos, Santos, Espírito Santo, Pará-Maranhão and Parnaíba basins in Brazil and the Cesar-Ranchería, Lower Magdalena Valley and Middle Magdalena Valley basins in Colombia.
Its Waimea field in the Campos Basin is producing about 12,500 barrels per day (1,990 m3/d) with expected output rise to 40,000–50,000 barrels per day (6,400–7,900 m3/d) by the end of 2012.[7] Production at the at Gaviao Real field is expected to start in 2012 and at the Waikiki field in 2013.[6][8]
References [edit]
- ^ Blount, Jeb (2012-03-16). "OGX to buy part of Maersk Brazil oil stakes". Reuters. Retrieved 2012-04-06.
- ^ Benson, Todd (2008-06-13). "Shares of Brazil oil start-up OGX soar after IPO". Reuters. Retrieved 2012-04-06.
- ^ Palmigiani, Fabio (2011-12-02). "Drilling to resume on blocks once seismic results are in". Upstream Online (NHST Media Group). (subscription required). Retrieved 2012-04-06.
- ^ "OGX revving up production". Upstream Online (NHST Media Group). 2012-03-23. Retrieved 2012-04-06.
- ^ Ellsworth, Brian; Barreto, Elzio (2009-12-18). "Brazil's OGX says finds oil in offshore well". Reuters. Retrieved 2012-04-06.
- ^ a b "OGX revving up production". Upstream Online (NHST Media Group). 2011-12-02. (subscription required). Retrieved 2012-04-06.
- ^ "Fresh round of bonds for OGX". Upstream Online (NHST Media Group). 2012-03-28. Retrieved 2012-04-06.
- ^ Palmigiani, Fabio (2011-12-02). "Gavaio to be on line in 2012". Upstream Online (NHST Media Group). (subscription required). Retrieved 2012-04-06.
