OGX's Winning Streak Continues Offshore Brazil



OGX has encountered additional oil-bearing reservoirs in two wells in the shallow waters of the Campos Basin. An oil-bearing interval in the 1-OGX-13-RJS well in the BM-C-41 block, the second appraisal well on the Vesuvio prospect, had a net pay of 33 feet (10 meters) in the sandstone reservoirs. The company also discovered a 361-foot (110-meter) oil column in the 1-OGX-10-RJS well on the Hawaii prospect in the BM-C-42 block. Carbonate reservoirs in the Aptian section yielded a net pay of 131 feet (40 meters). Drilling at both wells has been completed and the rigs will now move to other prospects – the Sea Explorer will tap the Huna prospect and the Ocean Lexington will drill the Pero prospect. OGX wholly owns and operates both blocks.

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