São Paulo – OGX announced today (22) that it has found hydrocarbons in the albian section (the layer of soil formed between 112 million and 99.6 million years ago) of well 1-OGX-5-RJS, located in block BM-C-43, in shallow waters in the southern part of Campos Basin.
The company identified a 130-metre column of oil, with net pay of around 30 metres in carbonate reservoirs. OGX should continue drilling this well up to its total estimated depth, of 4,300 metres.
"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”, commented Paulo Mendonça, OGX’s general executive officer.
OGX is the largest Brazilian private company in the sector of oil and natural gas in terms of maritime exploration area. The company has 100% participation in block BM-C-43. Well OGX-5 is located some 79 kilometres away from the coast of the state of Rio de Janeiro, at water depths of approximately 150 meters.
*Translated by Mark Ament
