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Dommo Energia

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(Redirected from OGX Petroleo e Gas Participacoes) Brazilian energy company
Dommo Energia
Company typePrivately held company
IndustryOil and gas
Founded2007 (2007) as OGX
FounderEike Batista
HeadquartersRio de Janeiro, Brazil
Key peopleRoberto Bernardes Monteiro
ProductsCrude oil
Natural gas
RevenueIncrease US$ 368.1 million (2013)
Net incomeDecrease - US$ 7.3  million (2013)
ParentPetroRio
Websitedommoenergia.com.br

Dommo Energia is a Brazilian publicly listed oil and gas company. Until 2017 it was known as OGX Petróleo e Gás Participações S.A. (OGX). Prior to a 2013 bankruptcy filing, OGX was Brazil's second-largest oil company by market value after Petrobras.

On September 1, 2022, PetroRio announced the purchase of Dommo Energia. On October 24, PetroRio approved the incorporation of the company. With the transaction, the company now owns 100% of the Tubarão Martelo field.

History

OGX was founded in 2007. In June 2008 it held initial public offering and the company was listed at BM&F Bovespa.

In September 2009, the company started its exploration activities. At the same year OGX made its first oil discovery at the Waimea offshore field and on 31 January 2012 it started oil production. It made several other oil discoveries.

In 2010, it discovered oil at the Pero and Inga fields in Block BM-C-40.

In 2013 OGX was forced to file for bankruptcy protection in the Court of Justice of Rio de Janeiro after defaulting on a $45m bond payment.

OGX was renamed Dommo Energia in 2017.

In 2023, after the acquisition, Dommo Energia went closed its capital on the stock exchange.

Operations

OGX is engaged in onshore and offshore exploration and production activities. It owns exploratory blocks in the Campos, Santos, Espírito Santo, Pará-Maranhão and Parnaíba basins in Brazil and the Cesar-Ranchería, Lower Magdalena Valley and Middle Magdalena Valley basins in Colombia.

Its Waimea field in the Campos Basin is producing about 12,500 barrels per day (1,990 m/d) with expected output rise to 40,000–50,000 barrels per day (6,400–7,900 m/d) by the end of 2012. Production at the Gaviao Real field is expected to start in 2012 and at the Waikiki field in 2013.

See also

References

  1. Blount, Jeb (2012-03-16). "OGX to buy part of Maersk Brazil oil stakes". Reuters. Archived from the original on March 6, 2016. Retrieved 2012-04-06.
  2. Guilhermer, Guilherme (2022-09-02). "PetroRio (PRIO3): aquisição da Dommo avança e empresas se reúnem para fixar datas para incorporação" [PetroRio (PRIO3): Dommo acquisition progresses and companies meet to set dates for merger]. Exame. Retrieved 2024-01-23.
  3. "Petroleira Prio compra Dommo, mantém expansão, e ação pode subir até 31%" [Oil company Prio buys Dommo, keeps expanding, and shares could rise up to 31%]. Universo Online. 2022-12-08. Retrieved 2024-01-23.
  4. Benson, Todd (2008-06-13). "Shares of Brazil oil start-up OGX soar after IPO". Reuters. Archived from the original on March 6, 2016. Retrieved 2012-04-06.
  5. Palmigiani, Fabio (2011-12-02). "Drilling to resume on blocks once seismic results are in". Upstream Online. NHST Media Group. (subscription required). Retrieved 2012-04-06.
  6. "OGX revving up production". Upstream Online. NHST Media Group. 2012-03-23. Retrieved 2012-04-06.
  7. Ellsworth, Brian; Barreto, Elzio (2009-12-18). "Brazil's OGX says finds oil in offshore well". Reuters. Archived from the original on March 5, 2016. Retrieved 2012-04-06.
  8. ^ "OGX revving up production". Upstream Online. NHST Media Group. 2011-12-02. (subscription required). Retrieved 2012-04-06.
  9. "Brazilian Energy Company OGX Files for Bankruptcy". New York Times Dealbook. 2013-10-30. Retrieved 2013-10-30.
  10. "OGX confirma à CVM pedido de recuperação judicial". Valor Econômico. Valor Econômico. 2013-10-31. Retrieved 2013-10-31.
  11. "OGX changes name to Dommo Energia". Brazil Energy Insight. 19 September 2017.
  12. Abreu, Daniel (2023-03-10). "Antiga OGX de Eike Batista dá adeus ao investidor, depois de disparar 238%" [Eike Batista's former OGX says goodbye to investors after skyrocketing 238%]. MoneyTimes. Retrieved 2024-01-23.
  13. "Fresh round of bonds for OGX". Upstream Online. NHST Media Group. 2012-03-28. Retrieved 2012-04-06.
  14. Palmigiani, Fabio (2011-12-02). "Gavaio to be on line in 2012". Upstream Online. NHST Media Group. (subscription required). Retrieved 2012-04-06.

External links

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