OSX buys tankers for FPSO conversion

Eike Batista: OSX buys vessels.

related stories

Gareth Chetwynd

 17 November 2010 21:39 GMT

OSX, the shipyard and offshore services arm of Brazil's EBX group, has completed its deal to buy two VLCC tankers for conversion into the company's third and fourth floating production, storage and offloading vessels for use off Brazil.



The two tankers were snapped up from Saudia Aramco subsidiary Vela International Marine Limited for a total $54 million, and are due for delivery in February and March, OSX said in a statement.

The vessels will be renamed OSX-3 and OSX-4 when they begin their new life as offshore production platforms.

The leasing arm of OSX will charter and operate the two units, with EBX group stablemate OGX positioned as the likely customer.

OSX also announced yesterday that the Acu industrial complex in Rio de Janeiro state has been selected as the…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index