Shipbuilder OSX's second oil platform arrives in Brazil

|By:, SA News Editor

OSX Brasil, part of Eike Batista's troubled industrial empire, says its second floating oil production platform arrived on time in Brazil, and will be leased to oil company OGX (OGXPY.PK) and installed at the Tubarao Martelo field.

The start of production at Tubarao Martelo should help ease some of the restructuring pressures at Batista's group of companies; the platform will generate revenue of ~$383K/day when it starts output.