After the OGX-16 well was drilled further, evidence of gas was identified in two additional objectives in the Devonian section, which confirmed a significant hydrocarbon potential in this basin, according to the company.
These objectives are approximately 800m below the previous interval and fractured shales of the Pimenteiras Formation were identified with up to 909 Total Gas Units (TGU) and a column of approximately 23m.
Right below this accumulation, sandstone reservoirs were identified in the Itaim Formation providing evidence of 370 TGU in a column of approximately 25m.
The drilling of well OGX-16, also known as the California prospect, is still in progress and OGX continues to target new objectives.
OGX Maranhao, an entity formed by OGX (66.6%) and MPX Energia (33.3%) is the operator and holds a 70% stake in this block, while Petra Energia holds the remaining 30%.
