STXNEWS LATAM-Brazil's Oleo e Gas starts oil output in new well

jueves 3 de julio de 2014 18:12 GYT

Brazilian oil company Oleo e Gas Participacoes SA started producing oil in a third well in the Tubarão Martelo field in the off-shore Campos basin, according to a securities filing on Thursday.

A judge last month approved a restructuring plan for the bankrupt company formerly known as OGX and controlled by tycoon Eike Batista. The company's filing said the new production was an important step towards financial recuperation.