Third OGX horizontal well off Brazil continues success tally

OGX Petróleo e Gás Participações S.A. reports another successful horizontal well offshore Brazil in block BM-C-41 in the Campos basin.

Offshore staff

RIO DE JANEIRO -- OGX Petróleo e Gás Participações S.A. reports another successful horizontal well offshore Brazil in block BM-C-41 in the Campos basin. Well 9-OGX-39HP-RJS, call “Pipeline Horizontal” identified a good reservoir based on a drillstem test.

This is the third successful horizontal well drilled by OGX. It went 1,000 m (3,281 ft) horizontally into Albian carbonate reservoirs at the Pipeline discovery that dates to November 2009.

The test showed production capacity of 10,000 b/d of 19° API crude after acidification of six well intervals. OGX says well-39 demonstrated a high correlation with other wells in the Albian section, including calcarenites with excellent porosity with dolomitized and naturally fractured sections, and confirmed the extension of the Pipeline accumulation.

07/18/2011

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