Brazilian oil and gas company OGX announced on Wednesday an oil discovery off the country's southeast coast.
The company said the presence of hydrocarbons was identified in the Albian-Cenomanian section of well 1-OGX-25-RJS, also known as Waikiki.
The well is located in the BM-C-39 block, some 94 km off the coast of Rio de Janeiro state, at a water depth of approximately 105 meters, in the shallow waters of the Campos Basin.
OGX said that it holds a 100 percent interest in the block.
The company managed to identify a hydrocarbon column of 125 meters with approximately 116 meters of net pay in carbonate reservoirs in the Albian-Cenomanian section.
The OGX-25 well is the first to be drilled in the BM-C-39 block. The drilling started on Nov. 14 and is still in progress. It is expected to reach an estimated final depth of 3,000 meters.
It was the third discovery announced by OGX in the past month. In late November, company announced two discoveries in the 1-OGX-22-MA well, located in the PN-T-68 block, in the onshore basin of Parnaiba, in Maranhao state in northeastern Brazil.
