Petrobrass Newcomer Wins Production License for Waimea Oilfield

According to reports from overseas media on January 2 in Rio de Janeiro, Brazilian oil company OGX, an upstart Brazilian oil company, told reporters here today that the company recently obtained a job and production license from the relevant Brazilian government authorities. This license will allow OGX to The Waimea oilfield in the Camps Basin began producing oil.

In a statement, Brazil’s OGX stated that Brazil’s environmental regulatory agency, Brazil’s Environment and Renewable Resources Authority (Ibama), recently granted OGX a license to enable FPSO OSX-1 production rigs, which will allow OGX to The planned time for production testing began in the Waimea field on January 23rd.

This license will also allow OGX to further develop oil production in the Waimea field located in Block BM-C-41 in the Camps Basin.

The statement said that the oil in Waimea will mark the beginning of OGX's oil production. The Brazilian oil upstart currently has 35 oil and gas production lease areas, mainly in Brazil's shallow waters, with potential resources of 10.8 billion barrels of oil equivalent.

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