Brazil's Oleo e Gas, OSX in talks to halt Tubarao Azul oil output

April 7, 2015 12:24 PM

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RIO DE JANEIRO, April 7 (Reuters) - Brazil's Oleo e Gas Participacoes SA is in talks with units of shipbuilder and ship-leaser OSX Brasil SA to halt output from its Tubarao Martelo offshore oil field, Oleo e Gas said in a securities filing on Tuesday.

The talks involve the cost of abandoning Tubarao Azul and releasing the OSX-1 floating production, storage and offloading vessel, an oil-production ship known as an FPSO, for operations elsewhere, OSX said in a separate statement.

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