Oil Production Begins from Tubarão Martelo Field

Oil Production Begins from Tubarão Martelo Field

The production in the OGX-operated Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks, offshore Brazil, started through the horizontal well TBMT-8H.

In November 29, 2013 the Company received the Operating License from IBAMA (the Brazilian Institute for Environment and Renewable Natural Resources), authorizing the operation of FPSO OSX-3 and the respective subsea structures related to the oil production development and outflow for the BM-C-39 and BM-C-40 blocks, located in the Campos Basin.

With 370 meters length, 57 meters breadth and 31 meters depth, the FPSO OSX-3 is composed of 16 modules and has production capacity of up to 100,000 barrels of oil per day and storage capacity of up to 1,300,000 barrels.

December 06, 2013