The company submitted the name to Brazilian authorities in a declaration of commerciality of the shallow-water field on blocks BM-C-39 and BM-C-40, where it also reported a new discovery. It plans to submit a development plan soon.
OGX estimates total recoverable oil in the field, in which it owns 100% interest, at 285 million bbl.
It plans to develop the field with the OSX-3 floating production, storage, and offloading vessel under construction by Modec, and the WHP-2 wellhead platform under construction by Techint (OGJ Online, June 21, 2011).
The latest discovery in the area is in well 1-OGX-79-RJS, which identified the presence of hydrocarbons in Albian carbonates.
The well, known as Itacoatiara, was drilled to 2,030 m in 102 m of water about 4 km from other Waikiki hydrocarbon accumulations. It cut a 150-m thick hydrocarbon column with net pay of about 64 m.
OGX plans a drillstem test.