OGX reports success in Campos basin

OGX has identified an oil-bearing interval in the Albian section of well 1-OGX-5-RJS in the Campos basin.

Offshore staff

RIO DE JANEIRO -- OGX has identified an oil-bearing interval in the Albian section of well 1-OGX-5-RJS in the Campos basin.

The well encountered a 130-m (427-ft) oil column with around 30 m (98 ft) of net pay in carbonate reservoirs, the company says. Drilling is progressing and the well is expected to reach a final depth of approximately 4,300 m (14,108 ft).

“These initial results from well OGX-5 are very encouraging, as they confirm that the high-quality carbonate reservoirs detected in wells OGX-2 and OGX-3 are also present in the southern reaches of our blocks,” says Paulo Mendonça, OGX's general executive officer.

01/26/2010

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