OGX makes major oil discovery in the shallow waters of the Campos Basin

By Phaedra Friend Troy

Brazilian independent OGX Petroleo e Gas Participacoes SA discovered oil in the Albian and Aptian sections of the Osomo prospect in the shallow waters of the Campos Basin offshore Brazil.

Discovery well 1-OGX-31-RJS encountered approximately 149 meters with 48 meters of net pay in the Albian section, as well as a column of 59 meters with 23 meters of net pay in the Aptian section. Both oil formations are in carbonate reservoirs.

“The result of OGX-31 increases our expectations for the Albian province, since it shows its continuity and confirms, once again, its huge petrolific potential,” said Paulo Mendonca, General Executive Officer of OGX. “In addition, this well confirmed the presence of oil in the Aptian section, where good levels of porosity were encountered.”

Located on Block BM-C-41 about 80 kilometers off the coast of Rio de Janeiro and in 136 meters of water, the OGX-31 discovery well was spud on Jan. 14, 2011 and drilled to a total depth of 3,786 meters by the Ocean Ambassador. OGX holds 100 percent interest in the block.

Also on BM-C-41, OGX is currently working to commence an extended well test on the Waimea oil field, which will connect the development well to the FPSO OSX-1. Solidifying the poetential of the block, the Waimea well is expected to flow up to 40,000 barrels of oil a day.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs