The well, named as Maceio, is located in the BM-S-59 block at a water depth of approximately 185m and the company holds a 100% working interest in this block.

OGX general executive officer and exploration officer Paulo Mendonca said this discovery in conventional reservoirs of the Santos Basin contributes significantly to the development of the company’s assets in this region.

The company encountered a hydrocarbon column of about 131m in the sandstone reservoirs of the Santonian section with about 51m of net pay.

This discovery is located 2.9 kms from the Natal accumulation that was discovered through the drilling of the OGX-11 well.