Who we are

OSX is a Brazilian company in judicial recovery, founded on October 30th 2009, due to the high demand of the oil&gas industry for equipment and integrated services for the shipping and offshore industries. Since the beginning, OSX offered integrated solutions in engineering, construction, chartering and shipbuilding operational services (Operation & Maintance) for Oil & Gas Exploration & Production (E&P) companies. Besides that, the Company was responsible for the operation and maintenance of the Company‘s chartered units FPSO OSX -1 and OSX -3.

Within its business portfolio, currently OSX explores an strategic area, located in the Superporto do Açu, in Bacia de Campos. See the "Business Unit" tab for more details.

In the O&M area, OSX Serviços was responsible for operating the FPSO OSX 1 and OSX 3 platforms, both for OGX Petróleo e Gás, currently called Dommo Energia S.A.. FPSO OSX 1 achieved average operating efficiency of 99% in its first year operation. It successfully performed more than six offloading operations, reaching an average of over 6 million barrels produced. The FPSO OSX 3 remains active in the Tubarão Martelo field.

The OSX Brasil S.A. Judicial Recovery process began on the second half of 2013, when OSX experienced an aggravation of its financial situation, which included the cancellation of units which would be built in the Açu Shipbuilding Unit (Unidade de Construção Naval do Açu or "UCN Açu") and the termination of charter and Operation & Maintenance agreements of FPSOs and WHPs. On November 8th 2013, due to the Company‘s economic situation, the Board of Directors approved OSX‘ Judicial Recovery plan request, as the most appropriate instrument to ensure the preservation of the interests of its shareholders, employees and lenders, thereby promoting the Company´s preservation, its social function and the stimulus to its economic activity. On November 11th, 2013, OSX, OSX Construção Naval S.A. ("OSX Construção Naval") and OSX Serviços Operacionais Ltda. ("OSX Serviços") filed at the Courts of the City of Rio de Janeiro (Comarca da Capital do Estado do Rio de Janeiro) their Judicial Recovery request, as per Law N. 11,101/2005.

On May 16, 2014, the Company and its subsidiaries OSX Construção Naval S.A. - In Judicial Recovery and OSX Serviços Operacionais Ltda. - In Judicial Recvery submitted their Judicial Recovery Plans to the Judge of the 3rd Corporate Court of the Judicial District of the State of Rio de Janeiro (3ª Vara Empresarial da Comarca da Capital do Estado do Rio de Janeiro). The Plans, which were approved in the General Assembly of Creditors (Assembleia Geral de Credores) on December 17th, 2014 and homologated by the Court on January 8th, 2015.

The Company will keep developing its business and will employ its best efforts to give continuity to the solid commercial ties that it has been cultivating since the beginning of its activities.