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1/23/2012 - OGX STRIKES SHALLOW WATER PAY IN THE SANTOS BASIN |
| OGX hit hydrocarbon pay in the Albian and Aptian sections of well 1-OGX-63-SPS, in the BM-S-57 block, in shallow waters of the Santos Basin. OGX holds a 100% working interest in this block.
A hydrocarbon column of approximately 1,000 meters was encountered in Albian reservoirs with about 110 meters of net pay. The drilling of the well, which is still in progress, already reached the Aptian section of the reservoir identifying hydrocarbons through a high gas presence that resulted in a kick, which is being controlled.
The OGX-63 well, known as Fortaleza, is located in the BM-S-57 block and is situated approximately 102 km off the coast of the state of Rio de Janeiro at a water depth of approximately 508 FSW (155 MSW). |
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