STXNEWS LATAM-Óleo e Gás, OSX stretch out deal on vessel again

Fri Mar 21, 2014 5:15pm EDT

A unit of Óleo e Gás Participações SA, the bankrupt Brazilian oil producer, and two units of shipbuilder and oil services provider OSX Brasil SA agreed to extend the terms of a vessel leasing contract for another week, until March 28, according to a securities filing on Friday.

The OSX units are OSX 1 Leasing BV, which owns the vessel, and OSX Serviços Operacionais Ltda, a services company that is also under bankruptcy protection in a Rio de Janeiro court.

A similar deal was reached on March 14.

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