OGX Hits it Big at Fortaleza Prospect

OGX has identified the presence of hydrocarbons in the Albian and Aptian sections of well 1-OGX-63-SPS in the BM-S-57 block, in the shallow waters of the Santos Basin. A hydrocarbon column of about 1,000 meters (3,280 feet) was encountered in Albian reservoirs with about 110 meters (360 feet) of net pay. The operator is still drilling the well but has already reached the Aptian section of the reservoir identifying hydrocarbons through a high-gas presence that resulted in a kick. OGX says this is under control. OGX-63 well, known as Fortaleza, is situated about 63 miles (102 kilometers) off Rio de Janeiro in a water depth of 509 feet (155 meters). The Ocean Quest (mid-water semisub) is drilling the well.
Project Details: Fortaleza

SubseaIQ Weekly Round-Up Jan 16, 2012 -