MPX ENERGIA S



ÓLEO E GÁS PARTICIPAÇÕES S.A. - Em Recuperação Judicial CNPJ/MF: 07.957.093/0001-96 Public Company - BOVESPA: OGXP3


OGX PETRÓLEO E GÁS S.A. - Em Recuperação Judicial CNPJ/MF: 08.926.302/0001-05 Public Company - BOVESPA: OGSA3


Material Fact


- Conclusion of the FPSO OSX-1 Demobilization on Tubarão Azul Field -


Rio de Janeiro, January 22nd, 2016 - Óleo e Gás Participações S.A. - Em Recuperação Judicial ("OGPar")(BM&FBOVESPA: OGXP3; OTC: OGXPY.PK) and OGX Petróleo e Gás S.A. - Em Recuperação Judicial ( BM&FBOVESPA: OGSA3; OTC: OXPRY) ("OGX", and together "Companies"), in accordance with article 157, paragraph 4 of Brazilian Law No. 6.404/76 and CVM Rule No. 358/02, in addition to the material fact released by the Companies on August 28th, 2015, announce that, on the date hereof, the demobilization of the FPSO OSX-1 production vessel was concluded. The FPSO OSX-1 vessel is heading to Lyngdal's port, in Norway, respecting the commitments with OSX 1 Leasing B.V., their respective creditors and OSX Serviços Operacionais Ltda. - Em Recuperação Judicial and approval of Brazilian authorities.


The conclusion of the FPSO OSX-1 demobilization process is another important step for the Companies and their strategy to minimize the field's abandonment costs, in an environment of inflexible regulatory and environmental obligations. It is also a demonstration of the Companies' capacity to conduct business and negotiations with the owners of the FPSO vessel that understand the judicial situation which goes with the judicial recovery and are prepared to fulfill the Brazilian law.


Legal Notice:

This document contains Company-related statements and information that reflect the current vision and/or expectations the Company and its management have regarding its business plan, These include, among others, all forward-looking statements that involve forecasts and projections, indicate or imply results, performance or future achievements, and may contain words such as "believe," "foresee," "expect," "consider," "is likely to result in" or other words or expressions of similar meaning, Such statements are subject to a series of expressive risks, uncertainty and premises, Please be advised that several important factors can cause the actual results to diverge materially from the plans, objectives, expectations, estimations, and intentions expressed in this document, In no event shall the Company or the members of its board, directors, assigns or employees be liable to any third party (including investors) for investment decisions or acts or business carried out based on the information and statements that appear in this presentation, or for indirect damage, lost profit or related issues, The Company does not intend to provide to potential shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results, Each investor must conduct and rely on its own evaluation, including of the associated risks, in making an investment decision,

Contacts: Investor Relations Márcia Mainenti Victor Rosenzvaig ri@ogpar.com.br

+55 21 3916-4545


Media:

Cibele Flores cibele.flores@ogpar.com.br

+55 21 3916-4505

OGX Petróleo e Gás Participações SA issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 22:22:14 UTC

Original Document: http://www.mzweb.com.br/ogx/web/download_arquivos.asp?id_arquivo=38D9422F-ADC4-4884-89DA-F55CA0461BB4&tipo=53361