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General Electric Targeting Massive Growth in Brazil
Present in Brazil for over 90 years, GE is preparing to invest $500 million in Brazil along the next 3 years and maintain its investments in local training and research. GE O&G may be one of the main recipients of this local investment as it is a market with great growth potential and where GE already has a very strong presence.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 11/23/2010 6:35:32 PM | with 0 comments

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Chinese Trying to Buy Stakes of an OGX Play at the Santos Basin
China Petrochemical (Sinopec) and the Chinese national oil company (CNOOC) are holding separate negotiations with OGX Petroleo e Gás in order to acquire 20% of an OGX deepwater play at the Santos Basin. In general we can see a marked increase in Chinese involvement and investments in Brazil.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 8/27/2010 1:52:55 PM | with 0 comments

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OGX Strikes Oil again at the Campos Basin and Discloses a Major Gas Discovery at the Onshore Parnaiba Basin.
OGX estimates that the total Parnaiba Basin natural gas potential at 15 trillion cubic feet. This discovery opens a new exploratory frontier in an onshore basin, the first in two decades. At the Campos Basin, OGX-18 well reports indication of hydrocarbons, adding to the excellent results of their ongoing exploratory campaign.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 8/17/2010 11:43:18 AM | with 0 comments

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OGX Continues Positive Exploratory Campaign in Brazil
Since last year OGX Petróleo e Gás has been having excellent results in its exploratory campaign in the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 6/30/2010 10:19:18 AM | with 0 comments

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New Discovery in Caratinga Field and Confirmation of Barracuda Field Potential
The new discovery in the Caratinga field along with the possible confirmation of of the extension to the Barracuda field, raise expectations for the existence of an extensive pre-salt system in the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 5/27/2010 12:04:02 PM | with 0 comments

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OGX to Sell 20% of its Areas at the Campos Basin
The company will sell the areas in order to finance the development of the proven reserves it has discovered at the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 5/18/2010 9:48:06 PM | with 0 comments

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The OGX Exploratory Campaign Maintains Its High Success Rate
OGX maintains its high success in wells drilled in the southern Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 3/16/2010 10:09:46 PM | with 0 comments

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OGX On A Roll In The Southern Campos Basin
With 8 exploratory wells producing hydrocarbon discoveries during the year and with estimates of recoverable oil of around 5 billion barrels, OGX ends 2009 on a very positive high.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 12/24/2009 5:16:41 PM | with 0 comments

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Fiber Optics Solutions for Sub-Salt Deep water Subsea Systems
Fiber Optics are fundamental in deep water production efficiency, as highlighted by the recent technological partnership between Technip and Schlumberger, targeting the sub-salt deep.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 12/1/2009 5:39:03 AM | with 0 comments

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Anadarko´s Wahoo North Well Confirms Extension of Wahoo Discovery
Anadarko´s oil find in the Wahoo #2 well in the Campos Basin and OGX´s major increase in exploration drilling in Brazil all point to a high potential, low risk scenario in the Brazilian O&G fields.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 11/26/2009 6:25:24 AM | with 0 comments

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