Seeking Alpha

Shipbuilder OSX's second oil platform arrives in Brazil

  • 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.
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Comments (1)
  • Emerson Yang
    , contributor
    Comments (27) | Send Message
    Finally some good news out of OGXPY
    26 Aug 2013, 04:58 PM Reply Like
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