OGX Continues Success in Campos Appraisal Campaign

OGX has found hydrocarbons in the Albian-Cenomanian section of well 3-OGX-35D-RJS, an appraisal well of the Waikiki accumulation which was initially discovered through the drilling of well 1-OGX-25. The oil column is nearly 518 feet (158 meters) with a net pay of about 262 feet (80 meters). The directional well was drilled to a depth of 7,874 feet (2,400 meters), and is a pilot well for the horizontal well that will be drilled in this accumulation.

OGX drilled the OGX-35D well in the Waikiki structure to delineate the discovery, which presented features very similar to those of the wildcat well, confirming the extension of the reservoir, stated OGX. The operator commented that this discovery validates their geological model for the region and also highlights their progress towards the production phase in the northern Campos blocks.

OGX-35D is located in the BM-C-39 block and is situated about 89 kilometers off the coast of Rio de Janeiro in a water depth of 104 meters. The Ocean Lexington semisub commenced drilling of the well on Feb. 12, 2011.