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FPSO OSX-1 Begins Journey Toward Brazil Production

FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days. The FPSO OSX-1 is commissioned to produce the first oil for itsclient OGX, which is expected to start oil production during the fourth quarter of 2011. Chartered by OGX for a period of 20 years at an average day rate of $263…