OGX gets environmental authorization for offshore drilling

Source: OGX

OGX has been granted the required environmental authorization by IBAMA (the Brazilian Institute for Environment and Renewable Natural Resources) to begin drilling in BM-C-37 and BM-C-38 blocks, in the Campos Basin.

"The environmental authorization for drilling in these blocks will enable us to proceed with the exploratory campaign in a region that today we consider very promising, with several prospects already identified," commented Luiz Carneiro, Chief Executive Officer of OGX.

OGX acquired in March 2012 an additional 20% stake in blocks BM-C-37 and BM-C-38, in the shallow waters of the Campos Basin, from its partner Maersk Oil and became operator of these blocks. OGX now holds a 70% interest in these blocks, with Maersk Oil holding the remaining 30%.

As operator of the blocks, OGX intends to use the knowledge acquired by its technical team in the Campos Basin, as well as two of its rigs to proceed with the drilling of wildcat and appraisal wells.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs