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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
OGX acabou junto com Eike Batista
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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.



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

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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