As Eike Batista's OSX Brasil SA prepares to deploy an oil platform to back $500 million in bonds, the company has named a new CEO. Marcelo Maia Gomes, according to a regulatory filing, was the general director of Alvarez & Marsal Brasil and, in that role, advised OSX on the issue of cutbacks. Just last month, the company hired Credit Suisse AG to determine possible asset sales while OSX considered new approaches to its business strategy. This, after OSX's main client OGX Petroleo & Gas Participacoes SA expressed in July the possibility of the company shutting down its only producing field by next year.

The arrival of OSX's floating production, storage, and offloading vessel (FPSO), or OSX-3, was scheduled on Aug. 24, and is to be used on a field in which Malaysia's Petronas is a stakeholder. The OSX-3 contract guarantees $500 million in dollar-denominated bonds.