OGX Campos drilling strikes again

OGX Petróleo e Gás Participações S.A. reports hydrocarbon indications in 1-OGX-18-RJS on BM-C-40 in shallow Campos basin waters.

Offshore staff

RIO DE JANEIRO -- OGX Petróleo e Gás Participações S.A. reports hydrocarbon indications in 1-OGX-18-RJS on BM-C-40 in shallow Campos basin waters.

"The OGX-18 well is located 2 km (1 ¼ mi) from OGX-14, the Peró prospect. The proximity of these discoveries, combined with the fact that the Albian section of this well is structurally 56 m (184 ft) higher than at OGX-14, points to a potentially superior column than the one already encountered in this block,” says Paulo Mendonça.

Additionally in the Santonian section, high porosity sands with hydrocarbons were encountered.

OGX-18 is approximately 95 km (59 mi) off the coast of the state of Rio de Janeiro at a water depth of approximately 105 m (344 ft). The Ocean Lexington initiated drilling on July 29, 2010.


08/12/2010

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