OGX Petróleo e Gás SA (OGX) has exploration blocks in the Campos, Santos, Espírito Santo, Pará-Maranhão and Parnaíba, as well as onshore exploration blocks in Colombia, Cesar-Rancheria basins.
Through a private placement of shares in November 2007, OGX raised approximately US $ 1.3 billion, which provided funding for participation in the Ninth Bidding Round of the ANP. In this round, OGX acquired concession rights to exploration blocks in the Santos, Campos, Espírito Santo and Pará-Maranhão.
In June 2008, the Oil & Gas Participacoes SA (OGPAR) held its IPO, which were raised funds of approximately R $ 6.7 billion on a 100% primary offer, making it the largest ever held in Brazil until then. The funds were allocated to the exploration and development campaign of the findings of its subsidiary OGX.
In September 2009, drilling in the BM-C-43 block in the Campos Basin, OGX initiated the drilling campaign as operator in your blocks.