OGX has found oil in the Campos Basin, offshore Brazil.

An oil column of about 21m with about 14m of net pay was encountered in carbonate reservoirs in the Albian section of well 3-OGX 21D-RJS.

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

The OGX-21D well is situated 84km off the coast of Rio de Janeiro at a water depth of approximately 134m.