The Brazilian shipbuilder terminated the deal with OGX forthe OSX-1 as well as the operations and maintenance contract for the unit whichis already deployed in the Tubarao Azul field off Brazil.
Sao Paulo-listed OSX says it intends to chase the oil firmfor unpaid charter fees.
An international banking syndicate that finances the FPSO hasagreed to suspend loan payments until 13 December to allow OSX time to find analternative customer for the unit and restructure the debt to the company'sbusiness plan.
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