OGX Discovers Hydrocarbons in Santos Basin

4 July 2011 (Last Updated July 4th, 2011 18:30)

OGX Petroleo e Gas Participacoes (OGX) has made a new hydrocarbons discovery in the Santonian section of the 1-OGX-47-RJS well, in block BM-S-59 of the Santos Basin, offshore Brazil. The OGX-47 well is located 110km off the coast of Rio de Janeiro in a water depth of 185m. T

OGX Petroleo e Gas Participacoes (OGX) has made a new hydrocarbons discovery in the Santonian section of the 1-OGX-47-RJS well, in block BM-S-59 of the Santos Basin, offshore Brazil.

The OGX-47 well is located 110km off the coast of Rio de Janeiro in a water depth of 185m.

The company encountered a 131m column in the sandstone reservoirs of the Santonian section, with 51m of net pay, about 2.9km from the Natal accumulation.

The block BM-S-59 is wholly owned by OGX.

OGX general executive officer and exploration officer Paulo Mendonca said the drilling campaign will be followed by the appraisal process of several discoveries for this basin, as well as the development of the region’s production model.