3Q11 Highlights and Subsequent Events Efficient execution towards 1st oil production Horizontal well OGX-26HP (Waimea) prepared for initial production Installation of mooring system FPSO OSX-1 in Brazil Substantial progress in the…
Financial Results Highlights
3Q11 Financial Results Net Financial Results: Impact of interest Financial State me nts - Main Ite ms R ('000) 3Q11 3Q10 YTD 2011 income, net losses on hedging of future N et Financ ial Res ult 138,829 (62,916) 126,573 commitments…
Strong Cash Position Cash Position Evolution Cash Allocation Allocation by Institution R billion US billion CS Others Votorantim 4% 3% 5% 6,0 6,0 Santander 8% 4,0 4,0 Bradesco BTG Pactual 37% 8% 2,0 2,0 Itau Unibanco 36%…
Execution on Track
Campos Basin: Steps Towards 1st Oil Granting of first Beginning of subsea Buoy Installation licenses (LP and LI) installation Public hearing: Jul 16, 2011 10 Piles Preliminary License (LP): Sep 8, 2011 Moorings chains…
Campos Basin: Steps Towards 1st Oil Launch of the lines FPSO OSX-1 1st Oil Installation of flexible lines and umbilicals Arrived in Brazil on October 06, 2011 Granting of the Operation License (LO) Connection to wet christmas…
Parnaba Basin: Latest Events and Project Development Acquisition of a 50% stake in block PN-T-102 3rd onshore rig contracted and expected to commence operation in 4Q11 Drilled and tested the first production well in the basin,…
Exploratory Campaign
Campos Basin: Appraisal Campaign 2010 Activities Highlights 2011 Activities OGX-9D Intensive appraisal Well Drilling Area OGX-13 campaign to delineate OGX-35D 3C Albian 80m discovered OGX-21D/OGX-26HP OGX-36D/OGX-39HP 3C Albian…
Esprito Santo Basin: First Step into the Deep Waters Highlights Frontier area with recent important discoveries in neighboring blocks Proven active petrolific system in the region Operator and partner: Perenco 2 well locations…
Parnaba Basin: Important New Discoveries and Test Exploratory campaign Drill-stem test for first production well Wildcat Wells Appraisal Wells 2010 Activities 2011 Activities OGX-16 Well Drilling Area Characteristics: OGX-22 Flame:…
Santos Recent Basin:Wells Horizontal Positive Drill-Stem Test Results Tested Exploratory Campaign Drill-stem tests performed 2010 Activities Macei (OGX 47) MRK-2B Gas and condensate (20% OGX-11D with approx. 50 API) OGX-12 AOF…
Sale of First Oil to Shell Sales contract signed for the first 2 cargos totaling volume of 1.2 million barrels (600 thousand barrels each cargo) Priced at an average of US5.5 discount to Brent (GoM reference) Transaction…
Upcoming Events Commencement of production in the Waimea accumulation (OGX-26HP) Spudding of the second well and drilling results in Esprito Santo Basin Continued exploratory and appraisal campaign in the Campos, Parnaba and Santos…
Loading...
