Report summaryTubarão Martelo is a key asset in terms of the financial struggles that OGPar has had during recent years. It is located in the shallow waters of the southwest Campos basin. Production started in December 2013 from two wells and increased with the addition of two more wells in 2014. The development comprised a single 100,000 b/d FPSO, OSX-3. In 2014, OGPar successfully renegotiated a lower lease rate for this FPSO. All the produced crude is sold FOB to shuttle tankers. The low GOR ...
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