OGX Maranhao Receives Preliminary License in Parnaiba Basin

The Secretary of State for the Environment and Natural Resources of Maranhao (SEMA/MA) issued the Preliminary License for the development of production and transport of natural gas in the Gaviao Real and Gaviao Azul fields, in the Parnaiba Basin. The license confirms the environmental viability of the venture, which will produce and process natural gas for the MPX Thermo-electric Power Plants (“UTE Parnaiba”) in the region.

Gas production should commence in the second half of 2012 and could reach up to 6 million cubic meters per day of natural gas.The detail design and acquisition of equipment for the Gas Treatment Unit (GTU) being built in the region are moving ahead. The treatment to remove the liquid from the gas produced, and to filter and heat the gas will take place in the GTU.

The production of gas from the Gaviao Real and Gaviao Azul fields will be capable of doubling the current on-shore production of natural gas in Brazil.