STXNEWS LATAM-Brazil's Oleo e Gas starts oil output in new well

Thu Jul 3, 2014 6:12pm EDT

Related Topics

Brazilian oil company Oleo e Gas Participacoes SA started producing oil in a third well in the Tubarão Martelo field in the off-shore Campos basin, according to a securities filing on Thursday.

A judge last month approved a restructuring plan for the bankrupt company formerly known as OGX and controlled by tycoon Eike Batista. The company's filing said the new production was an important step towards financial recuperation.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.