OGX has encountered hydrocarbons in the Albian section of a well in the shallow waters of the Campos Basin, offshore Brazil.

An 80m oil column with about 50m of net pay was encountered in carbonate reservoirs, OGX said.

The well in the Tupungato prospect is expected to be drilled to a final depth of 3,650m.

OGX said drilling will continue in order to determine the total column and net pay.

Well OGX-20 is situated 85km off the coast of Rio de Janeiro at a water depth of 130m.