OGX Hits Hydrocarbon Pay Offshore Brazil

Campos Basin Fields
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OGX has found more pay in the 1-OGX-25-RJS well on the Waikiki prospect, located in the Campos Basin on Block BM-C-39 offshore Brazil. Thus far, the well has identified a total column of about 650 feet (198 meters) and a total net pay of around 476 feet (145 meters) in the Albian-Cenomanian section, compared to 410 feet (125 meters) of column and 381 feet (116 meters) of net pay previously announced.

The company noted, new studies, including logging and cable tests, also permitted the identification of hydrocarbons in sandstone reservoirs in the Eocene section, specifically a gas accumulation with a column of about 52 feet (16 meters) and a net pay of nearly 26 feet (8 meters). OGX has changed the name of the well to 6-OGX-27P-RJS with the drilling of the Albian section. Drilling will continue until a total estimated depth of 10,171 feet (3,100 meters) is reached. The Pride Venezuela semisub is drilling the well in a water depth of 344 feet (105 meters).

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