OREANDA-NEWS. October 21, 2011. FPSO OSX-1, the first floating production, storage and offloading unit in OSX's fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company.

Chartered for OGX for a period of 20 years, the destination of FPSO OSX-1 will be the Waimea accumulation, located in the Campos Basin, where the unit will start production of OGX's first oil.

The vessel was built in Korea and was customized in Singapore, at Keppel's shipyard, to meet the technical specifications requested by OGX and Brazilian legal requirements.

During the next days, FPSO OSX-1 will undergo mandatory procedures before the relevant Brazilian authorities. After that, the vessel shall be in sheltered waters in Rio de Janeiro, for sailing to the production field in the Campos Basin.