OGX-47 finds pay offshore Brazil

OGX Petróleo e Gás Participações S.A. reports finding Santonian section hydrocarbons in shallow-water well 1-OGX-47-RJS in block BM-S-59 offshore Brazil in the Santos basin.

Offshore staff

RIO DE JANEIRO -- OGX Petróleo e Gás Participações S.A. reports finding Santonian section hydrocarbons in shallow-water well 1-OGX-47-RJS in block BM-S-59 offshore Brazil in the Santos basin.

A hydrocarbon column of approximately 131 m (430 ft) was encountered in the sandstone reservoirs of the Santonian section with about 51 m (167 ft) of net pay, says OGX. This discovery is located 2.9 km (1.8 mi) from the Natal accumulation which was discovered through the drilling of well OGX-11.

The OGX-47 well, named Maceió, is approximately 110 km (68 mi) off the coast of the state of Rio de Janeiro at a water depth of approximately 185 m (607 ft). The Ocean Quest rig initiated drilling activities on May 24, 2011.

“Following the drilling campaign, we will intensify both the appraisal process of the several discoveries for this basin, as well as the development of the production model for the region,” said Paulo Mendonça, general executive officer and Exploration officer of OGX.

07/05/2011

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