STXNEWS LATAM-OGpar, formerly OGX, posts July oil production

Written By Unknown on Sabtu, 16 Agustus 2014 | 16.48

Fri Aug 15, 2014 11:42pm EDT

Brazil's bankrupt oil company Oleo e Gas Participacoes SA , founded by industrial mogul Eike Batista, said on Friday it registered total July output of 473,731 barrels - a rounding-off of about 356,743 barrels from the Tubarao Martelo field and 116,987 barrels from the Tubarao Azul field.

The company said in a statement that the start-up of production from a submersible pump on a well in the Tubarao Martelo field had been delayed by an electrical problem the company was attempting to resolve. (Editing by Richard Borsuk)


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