OSX Brasil Receives Order for Three New FPSO Units from OGX

OSX has received from its client OGX Petróleo e Gás (“OGX”) an order for 3 (three) new FPSO units (Floating, Production, Storage and Offloading), to be chartered for 20 years by OGX, according to the strategic cooperation contract existing between the two companies, to serve the oil and gas production program of OGX.

As a result, OSX’s firm order book has nearly doubled its value, increasing from US$ 2.5 billion to US$ 4.8 billion approximately.

The 3 new FPSOs of OSX will follow the “Flex” concept, already applied for FPSO OSX-2, which allows the processing of different types of oil, reaffirming OSX’s technological capacity for designing integrated solutions for the offshore industry.

“The confirmation of this order for 3 additional FPSOs nearly doubles the value of our current order book and materializes our expectations for OSX´s business plan. It is another demonstration of the success of the exploratory campaign of our client OGX, and of the excellent perspectives for oil production in Brazil.”, said Luiz Eduardo Carneiro, OSX´s CEO.
Source: OSX