STXNEWS LATAM-Brazil's OGpar starts producing at field's fourth well

Thu Sep 4, 2014 5:24pm EDT

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Brazil's bankrupt Oleo e Gas Participacoes SA has started producing at a fourth well in its Tubarao Martelo field in the Campos Basin, according to a filing on Thursday.

Increasing oil output is an important part of the company formerly known as OGX's ability to pay for its restructuring. OGpar, as it is also known, was founded by tycoon Eike Batista

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