OGX Petroleo e Gas Participacoes, a Brazilian oil and gas exploration and production company, has identified hydrocarbons indicative of light oil and gas in the Santonian section of well 1-OGX-19A-RJS, located in the BM-S-58 block in the shallow waters of the Santos Basin.
An oil column of about 145m with approximately 40m of net pay was encountered in sandstone reservoirs in the Santonian section of well OGX-19A, also known as the Aracaju prospect.
The drilling of the well is still in progress and the well is expected to be drilled to a maximum final depth of approximately 5,250m.
OGX general executive officer Paulo Mendonca said that this new discovery confirms the existence of an important play in the Santonian age of the company’s Santos basin blocks, revealing the presence of light hydrocarbons in sandstone reservoirs of good porosity.