OGX Maranhão – special purpose company divided between MPX (holding 33.3% of the capital) and OGX (66.7%) – holds a majority share in the concession of eight terrestrial exploratory blocks in the Parnaíba Basin (State of Maranhão). Seven blocks were acquired from Petra Energia S.A., which still detains a 30% share.
The eighth block, PN-T-102, was acquired by OGX Maranhão from companies Imetame Energia S.A., DELP Engenharia Mecânica Ltda. and Orteng Equipamentos e Sistemas Ltda., which still hold shares amounting to 16.67%, 16.665% and 16.665%, respectively. OGX Maranhão detains a 50% share and is the block’s operator.
Parnaíba Basin is located in the Northeastern Region of Brazil and encompasses an area of approximately 680,000 km², distributed throughout the states of Maranhão, Piauí, Tocantins and a small part in the states of Pará, Ceará and Bahia. It’s boundary to the North are the São Luís and Barreirinhas Basins, to the Northwest the Marajó Basin and to the South the São Francisco Basin. The maximum width of the basin’s sediment column is estimated to be of around 3,500 meters.
The terrestrial blocks have prospective resources estimated in more than 11 trillion cubic feet (TCF) and are located in an area of 24,500 km², encompassing more than50 municipalities.
Highly competitive gas reserves:
• High permeability conventional gas, allowing for greater productivity.
• Gas appropriate for thermoelectric consumption, with very low processing costs
• Wells down to 1,000-2,000 meters of depth.
• Privileged logistics: wells concentrated in clusters that are very close to the thermal power plant.