Dommo Energia is a Brazilian publicly listed oil and gas company. 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 and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...
.
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On September 1, 2022, PetroRio announced the purchase of Dommo Energia. On October 24, PetroRio approved the incorporation of the company.
[
] With the transaction, the company now owns 100% of the
Tubarão Martelo field.
[
]
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 investm ...
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 in the country.
Its current form can be ...
.
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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.
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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 deb ...
protection in the
Court of Justice of Rio de Janeiro after defaulting on a $45m bond payment.
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]
[
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OGX was renamed Dommo Energia in 2017.
In 2023, after the acquisition, Dommo Energia went closed its capital on the stock exchange.
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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 attracti ...
,
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 st ...
-
Maranhão
Maranhão () is a States of Brazil, state in Brazil. Located in the country's Northeast Region, Brazil, Northeast Region, it has a population of about 7 million and an area of and it is divided into 217 municipalities. Clockwise from north, it ...
and
Parnaíba
Parnaíba () is a city in the Brazilian state of Piauí. Having a population of over 169,000 inhabitants according to IBGE's 2024 estimates, it is the second most populous city in the state, after the capital Teresina. It is one of the four coast ...
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 primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuel ...
.
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.
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]
See also
* Eike Batista
References
External links
*{{Official website
Companies based in Rio de Janeiro (city)
Oil and gas companies of Brazil
Companies formerly listed on B3 (stock exchange)
Non-renewable resource companies established in 2007
EBX Group
Brazilian companies established in 2007