Brazilian oil and gas company OGX Petroleo e Gas Participacoes has received an operating licence from the Brazilian Institute for Environment and Renewable Natural Resources for the Waimea accumulation, which is located in BM-C-41 block in the Campos Basin, Brazil.

The licence authorises the floating production, storage and offloading (FPSO) vessel OSX-1 and respective subsea structures related to the extended well test (EWT).

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It also includes the production development of the Waimea accumulation.

The EWT will begin on 23 January 2012 and will be performed using the OGX-26HP horizontal well.

The Waimea accumulation, which is sited in shallow waters, was discovered through wildcat well OGX-3 on 18 December 2009.

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Subsea equipment is already installed and the requisite inspections from the respective governmental bodies completed.

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The FPSO OSX-1 is being prepared to travel to the EWT location to be connected with the production system.

The OSX-1 has been chartered for 20 years, and will start up the first oil production for the company.

The FPSO’s flexible lines were connected to the wet Christmas tree and the detachable turret buoy, and tested.

The buoy has been positioned at the correct depth to be connected to the FPSO OSX-1 as soon as it arrives at the location.

Recently, OGX Maranhão received a preliminary licence from the Secretary of State for the Environment and Natural Resources of Maranhão for gas production project in the Parnaíba Basin.

OGX is responsible for the largest private sector exploratory campaign in Brazil.