Brazil prosecutors checking out OGX plans

OGX plans: Under scrutiny by Brazil court

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Kathrine Schmidt

 10 August 2012 21:52 GMT

Brazil's federal prosecutor's office opened an inquiry into the environmental licensing process of independent OGX’s plans to develop an offshore oil field, the prosecutor's office said Friday.

Federal prosecutors asked environmental regulators to see studies submitted by the company as part of OGX's plans to develop the Waikiki field in Brazil's Campos Basin, where more than 85% of Brazil's crude oil is produced, Dow Jones reported.

OGX declared the field commercial in April.

A civil public inquiry was opened 30 July, "with the objective of accompanying the environmental licensing process" for OGX's development plan for the BM-C-39 and BM-C-40 blocks in the Campos Basin, the prosecutor's office said according to the news wire.

The two blocks contain the Waikiki accumulation, which…

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