OREANDA-NEWS. October 1, 2012. OGX granted the Operating License to begin production of natural gas in the Gaviao Real and Gaviao Azul fields in the Parnaiba Basin. The license was granted by the Environmental and Natural Resources Secretary of the State of Maranhao (“SEMA/MA”).

The development of the Gaviao Real Field is advancing on schedule. All production wells have been drilled and are in the process of completion and connection to the Gas Treatment Unit (GTU). Natural gas production at the Gaviao Real Field will begin in the fourth quarter of 2012, with the commissioning of the GTU and the turbines for the MPX Parnaiba Thermoelectric Complex. Commercial production is scheduled to begin in January 2013.