OGX discovers light oil and gas at Aracaju in the shallow waters of the Santos Basin

Source: OGX

OGX Petróleo e Gás Participações S.A. identified hydrocarbons indicative of light oil and gas in the Santonian section of well 1-OGX-19A-RJS, located in the BM-S-58 block, in the shallow waters of the Santos Basin

An oil column of about 145 meters with approximately 40 meters of net pay was encountered in sandstone reservoirs in the Santonian section of well OGX-19A, also known as the Aracaju prospect. The drilling of the well is still in progress and is expected to be drilled to a maximum final depth of approximately 5,250 meters. 

The OGX-19 well, located in the BM-S-58 block, is situated approximately 112 kilometers off the coast at a water depth of approximately 172 meters. The rig Ocean Quest initiated drilling activities there on August 13, 2010. 

“This new discovery confirms the existence of an important play in the Santonian age of our Santos basin blocks, revealing the presence of light hydrocarbons in sandstone reservoirs of good porosity. This play initially identified through the drilling of well OGX-11, is an excellent example of OGX’s ability to open new exploratory frontiers,” commented Paulo Mendonça, General Executive Officer of OGX. 

OGX holds a 100% working interest in the BM-S-58 block.

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