OGX Petroleo e Gas Participacoes SA, Rio de Janeiro, said the 1-OGX-28D-RJS well on the BM-C-41 block in the southern Campos basin off Brazil intersected a 52-m hydrocarbon column with 24 m of net pay in Albian carbonates.
The well is on the Illimani prospect 80 km off Rio de Janeiro state in 126 m of water. OGX holds 100% interest in the block. OGX, which didn't disclose the depth of the find, said drilling is to continue to 3,700 m.
Bahamas Petroleum Co. PLC expressed encouragement at early interpretation of 1,120 km of 8-km cable seismic on its southern licenses off the Bahamas.
The survey confirmed the presence of multiple prospects, some of which are fou...