An oil column of about 180mt with approximately 43mt of net pay was encountered in carbonate reservoirs in the Albian section. The well OGX-8, also known as Fuji, is in the final phase of drilling and will target a final depth of approximately 3600mt, the company said.
The OGX-8 well is located in the BM-C-41 block and is situated approximately 82km off the coast of the state of Rio de Janeiro at a water depth of approximately 125mt. The rig Ocean Star, provided by Diamond Offshore, initiated drilling activities on February 25, 2010.
OGX holds a 100% working interest in this block. The company is focused on oil and natural gas exploration and production in Brazilian offshore sedimentary basins in Brazil.
