OGX IDs Hydrocarbons in Campos Basin

OGX has identified another hydrocarbon presence in the 1-OGX-15-RJS well; specifically in the Aptian section, where carbonate rocks showing the presence of hydrocarbons were encountered in two intervals with net pays of about 13 and 56 feet (4 and 17 meters). Drilling is continuing until a total estimated depth of 11,483 feet (3,500 meters) is reached. The well is located on the Santa Helena in BM-C-41 block, approximately 48 miles (78 kilometers) off the coat of Rio de Janeiro in 427 feet (130 meters) of water. OGX wholly owns and operates the block.

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