Dommo Energia is a Brazilian publicly listed oil and gas company belonging to the

EBX Group EBX Group is a conglomerate that comprises six companies listed in BOVESPA’s Novo Mercado, including: OGX, MMX, OSX, and CCX, founded and formerly controlled by Brazilian businessman Eike Batista, the chairman of the EBX Group, who was, in 2018 ...

. Until 2017 it was known as OGX Petróleo e Gás Participações S.A. (OGX). Prior to a 2013 bankruptcy filing, OGX was Brazil's second largest oil company by market value after

Petrobras Petróleo Brasileiro S.A., better known by the portmanteau Petrobras (), is a state owned enterprise, state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company's name transla ...

History

OGX was founded in 2007. In June 2008 it held

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

and the company was listed at

BM&F Bovespa B3 S.A. - Brasil, Bolsa, Balcão (in English, ''B3 - Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. Its current form can be tra ...

. In September 2009, the company started its exploration activities. At the same year OGX made its first oil discovery at the Waimea offshore field and on 31 January 2012 it started oil production. It made several other oil discoveries. In 2010, it discovered oil at the Pero and Inga fields in Block BM-C-40. In 2013 OGX was forced to file for

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

protection in the Court of Justice of Rio de Janeiro after defaulting on a $45m bond payment. OGX was renamed Dommo Energia in 2017.

Operations

OGX is engaged in onshore and offshore exploration and production activities. It owns exploratory blocks in the Campos, Santos,

Espírito Santo Espírito Santo (, , ; ) is a state in southeastern Brazil. Its capital is Vitória, and its largest city is Serra. With an extensive coastline, the state hosts some of the country's main ports, and its beaches are significant tourist attra ...

Pará Pará is a Federative units of Brazil, state of Brazil, located in northern Brazil and traversed by the lower Amazon River. It borders the Brazilian states of Amapá, Maranhão, Tocantins (state), Tocantins, Mato Grosso, Amazonas (Brazilian state) ...

Maranhão Maranhão () is a state in Brazil. Located in the country's Northeast Region, it has a population of about 7 million and an area of . Clockwise from north, it borders on the Atlantic Ocean for 2,243 km and the states of Piauí, Tocantins and ...

and

Parnaíba Parnaíba () is a city in the Brazilian state of Piauí. Having a population of over 150,000 inhabitants according to IBGE's 2020 report, it is the second most populous city in the state, after the capital Teresina. It is one of the four coastal ...

basins in Brazil and the Cesar-Ranchería, Lower Magdalena Valley and Middle Magdalena Valley basins in

Colombia Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...

. Its Waimea field in the Campos Basin is producing about with expected output rise to by the end of 2012. Production at the Gaviao Real field is expected to start in 2012 and at the Waikiki field in 2013.

References

External links

*{{Official Companies based in Rio de Janeiro (city) Oil and gas companies of Brazil Companies listed on B3 (stock exchange) Non-renewable resource companies established in 2007 EBX Group Brazilian companies established in 2007

History

Operations

See also

References

External links