OGX makes Campos basin discovery

Well 1-OGX-1-RJS in block BM-C-43 in the Campos basin has hit pay, according to OGX Petróleo e Gás.

Offshore staff

RIO DE JANEIRO -- Well 1-OGX-1-RJS in block BM-C-43 in the Campos basin has hit pay, according to OGX Petróleo e Gás. The well, drilled by the rig Ocean Ambassador, encountered a 100-m (328-ft) oil column with 40 m (131 ft) of high permo-porosity sandy reservoirs.

Drilling is still in progress with new targets to be reached soon, the company says.

“OGX-1 marks the beginning of a highly promising exploratory campaign,” says Paulo Mendonça, OGX’s general executive officer. “The success of this well confirms our positive expectations for the great petrolific potential of the southern part of Campos basin and paves the way to unveil the Vesúvio Complex and other objectives in our blocks. The creation of an oil company that has made initial discoveries in only two years is a milestone in the industry, which was only possible due to the motivation and talent of our unique team.”

10/08/2009

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