RIO DE JANEIRO, Dec 9 (Reuters) - Brazil's Petróleo e GasParticipações SA, controlled by former billionaireEike Batista, started oil production from a second well in itsTubarão Martelo offshore field, according to a regulatory filingon Monday.
Output from the OGX-44HP well began on Saturday, the filingsaid. Petroleo e Gas Participações SA is the new name of OGXPetroleo e Gas Participações, the company said in a statementlate Friday.
Output from the field's first well, also in Tubarão Martelo,was announced on Friday.
Tubarão Martelo is considered OGX's last chance to generatecash and convince creditors to accept a reorganization planafter filing for bankruptcy on Oct. 30.
- Brazil International News