A OGX do Eike Batista mudou de nome para se reerguer

Eike Batista’s OGX Changes Name to Rebound

Written by Paulo Nogueira

Published on 21/09/2017 at 07:09

Updated on 22/09/2017 at 10:56

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With This Measure, The New Company Will Start 2018 With A Producing Oil Field And 40% Stake In A Queiros Galvão Asset

[supsystic-social-sharing id=’1′]OGX Will Be Called Dommo Energia. Company Launches New Brand After Ending Bankruptcy Process That Reduced Liabilities To R$ 2 Billion. OGX will be called Dommo Energia as of this Wednesday (20/9). The company abandons the name and blue logo from the times when it was led by Eike Batista and launches a new brand, adopting the colors yellow, red, and orange. The changes mark an attempt to rise again after the bankruptcy process, which started in October 2013 and concluded last month.

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Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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Paulo Nogueira

At the end of the first half of 2017, the company had managed to reduce its liabilities to R$ 2 billion, a significant improvement compared to the beginning of the process when debts reached R$ 13 billion. The company is reborn with only one producing asset, the Tubarão Martelo field in the Campos Basin. The company also holds a 40% stake in Atlanta, an area in the Basin operated by QGEP that is expected to start production in 2018. Source: MOS Consulting

Eike Batista’s OGX Changes Name to Rebound

With This Measure, The New Company Will Start 2018 With A Producing Oil Field And 40% Stake In A Queiros Galvão Asset

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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