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Article: OGX Concludes Drilling of First Well in BM-C-43.
- Article from:
- Business Wire
- Article date:
- October 14, 2009
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Recoverable Oil Volume Expected to be between 500 Million and 1.5 Billion Barrels
RIO DE JANEIRO -- OGX Petroleo e Gas Participa[?][?]es S.A. ("OGX") (Bovespa: OGXP3, OTC: OGXPY), the largest Brazilian private sector oil and gas company in terms of offshore exploratory acreage, announced today that it has completed the drilling of well 1-OGX -1-RJS, located in the block BM-C-43, in shallow waters of the southern part of the Campos Basin.
The well was drilled to a depth of approximately 2,347 meters in 140 meters of water. Initiated on September 17th, 2009, the drilling of this well encountered an oil column of over 200 meters and sandy reservoirs (net ...