79735ade-35bf-4227-9070-448081d37dd6.pdf 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 - Resume of Production on Tubarão Martelo Field -

Rio de Janeiro, July 04th, 2016 - Óleo e Gás Participações S.A. - Em Recuperação Judicial (BM&FBOVESPA: OGXP3; OTC: OGXPY.PK) e OGX Petróleo e Gás S.A. - Em Recuperação Judicial (BM&FBOVESPA: OGSA3; OTC: OXPRY.PK) (respectively, "OGPar" and "OGX", and when together, "Companies"), in accordance with article 157, paragraph 4 of Brazilian Law No. 6.404/76 and CVM Rule No. 358/02, and in addition to the Material Fact released on April 28th, 2016, inform their shareholders and the market in general that, on July 1st, 2016, OGX received a letter issued by Agência Nacional de Petróleo, Gás Natural e Biocombustíveis ("ANP"), Brazilian regulatory agency, sanctioning the resume of the production on Tubarão Martelo Field ("TBMT Field"), by the FPSO OSX-3 vessel.

The Companies also inform that, once the permission mentioned above was granted, OGX has returned the operations on TBMT Field and remains monitoring the process, waiting to stabilize the production.

Considering the resume of production, the monthly results will continue to be disclosed to the market until the 15th day of the following month.

The Companies will keep its shareholders and the market informed of any further developments on this matter.

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.

OGPAR/OGX 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 published this content on 04 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2016 12:15:07 UTC.

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