OGX adds to Brazilian success

OGX Petróleo e Gás Participações S.A. continues to find success drilling offshore Brazil.

Offshore staff

RIO DE JANEIRO -- OGX Petróleo e Gás Participações S.A. continues to find success drilling offshore Brazil. Its latest well, 1-OGX-19A-RJS in the shallow waters block BM-S-58 in the Santos basin found light oil and gas.

OGX says an oil column of about 145 m (475 ft) with approximately 40 m (131 ft) of net pay was encountered in sandstone reservoirs in the Santonian section of well OGX-19A, also known as Aracaju. Drilling is still in progress and is expected to reach a TD of 5,250 m (17,224 ft)

OGX-19 is approximately 112 km (70 mi) off the coast at a water depth of approximately 172 m (564 ft). The Ocean Quest initiated drilling activities there this past Aug. 13.

10/01/2010

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