OGX holds a 100% working interest in this block. An oil column of about 96mt with approximately 32mt of net pay was encountered in carbonate reservoirs in the Albian section. The drilling of well OGX-15, also known as the Santa Helena prospect, is in progress and is expected to continue to a maximum final depth of approximately 3,450mt.

OGX said that the information obtained to date from the drilling of the well OGX-15 suggests connectivity between this prospect and the discoveries of Etna (OGX-6) and Pipeline (OGX-2). The Santa Helena prospect is located 1.81km northwest of the Etna prospect and 6.41km northeast of the Pipeline prospect.

Paulo Mendonca, general executive officer of OGX, said: “This information reinforces the hypothesis that the accumulation identified in the Albian section of the Santa Helena prospect is the same that was verified through the drilling of the Etna and Pipeline prospects.

“This ratifies the great importance of petrolific potential of the southern Campos Basin and contributes enormously to a better understanding of the recently discovered province in the region.”