OGX extends Waikiki complex offshore Brazil

By OGJ editors

OGX Petroleo e Gas SA has extended and proposes to rename its Waikiki complex of oil and gas discoveries in the Campos basin offshore Brazil Tubarao Martelo field.

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.

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