BRASILIA Jan 13 Óleo e Gás Participações SA
, Brazilian entrepreneur Eike Batista's oil company,
said on Monday it produced an average of 12,811 barrels of oil
and natural gas equivalent per day, or boepd, from its Tubarao
Martelo field in December.
The company, which started extracting oil from the field on
Dec. 6, said it produced a total of 333,105 barrels of oil and
natural gas equivalent that month. Óleo e Gás is producing from
two wells at the offshore field.
Tubarao Martelo is considered the company's last chance to
generate enough cash and convince creditors to accept a
reorganization plan after filing for bankruptcy on Oct. 30.
(Reporting by Alonso Soto; Editing by Lisa Shumaker)