OGX Petroleo e Gas Participacoes, a Brazilian oil and gas company, has identified the presence of hydrocarbons in the Albian section of well 1-OGX-20-RJS, located in the BM-C-41 block in the shallow waters of the Campos Basin.

Following the recently announced discovery in the Maastrichtian section of well OGX-20, the drilling of this well continued to the Albian section, where an oil column of about 80m with approximately 50m of net pay was encountered in carbonate reservoirs.

Drilling will continue in this section in order to determine the total column and net pay, and well OGX-20 in the Tupungato prospect is expected to be drilled to a final depth of approximately 3,650m.

The OGX-20 well, located in the BM-C-41 block, is situated approximately 85km off the coast of Rio de Janeiro at a water depth of about 130m.