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Luiz Carneiro News

14 Jun 2012

OSX Appoints New Shipyard Operations Officer

Mr. Danilo Baptista, who currently occupies the position of Executive Manager at OSX´s Açu Shipbuilding Unit (UCN Açu), has been nominated the new Shipyard Operations Officer replacing Mr. Eduardo Costa Vaz Musa. Mr. Baptista is one of the Company’s 52 engineers that have an average of 26 years of experience in naval construction. Mr. Baptista has a degree in Mechanical Engineering from the Federal University of Rio de Janeiro and has a specialization degree in Equipment and Maintenance Engineering and Managerial development by the University of São Paulo. Mr. Baptista began his career in 1978 as an Equipment Engineer at Petrobras where he worked for 33 years in the engineering and international areas of the company.

15 Mar 2012

OSX Raises $500 Million With Bond Issue

OSX raised $500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. “The issue of a $500 million Bond by OSX in the private international market reaffirms the soundness and consistency of OSX’s projects. In addition to launching our presence in the international fixed income market, this operation consolidates the partnerships OSX has been building with global financial institutions. The construction of FPSO OSX-3 moves steadily towards its oil production in Brazil.” said Luiz Carneiro, CEO of OSX. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls.