The OGX Petroleo e Gas Participacoes drill-stem test has confirmed the presence of gas condensate in the BM-S-59 block on the Santos Basin shelf, offshore Brazil.

Well 1-OGX-47-RJS contains a condensate of 50° API, accounting for 20% of hydrocarbon volume in the structure.

The well indicates a production potential of one million cubic metres per day in a vertical well and 2.5 million cubic metres per day in a horizontal well.

The Ocean Quest rig initiated drilling activities at the well in the Maceió accumulation at a water depth of 185m.