Brazilian firm announces new oil finds
February 2nd, 2010 - 2:49 pm ICT by IANSRio de Janeiro, Feb 2 (IANS/EFE) Brazilian independent oil company OGX has said it found hydrocarbons in a block it controls in the Campos basin, off Brazil’s coast.
A 46-meter column of hydrocarbons was found in a block in which the company has a 100 percent stake and had already found traces of crude, OGX said in a statement Monday.
The well is some 79 km off the coast of Rio de Janeiro state at a depth of 150 meters.
Drilling will continue until a depth of 4,300 meters is reached, OGX said.
The company also announced that it completed drilling at a well in another block at a depth of 3,467 meters that could yield between 100 million and 200 million barrels of petroleum.
OGX, Brazil’s largest privately-owned oil company, is a unit of billionaire Eike Batista’s EBX conglomerate.
The oil company, which acquired its first exploration blocks in 2008, has the rights to 29 blocks and plans to begin producing crude in 2011.
–IANS/EFE
rd/dg
- Brazilian firm declares oil field commercially viable - Apr 26, 2012
- GE invests $300 mn in Brazilian firm - May 25, 2012
- Brazilian firm announces oil find - Dec 29, 2009
- Brazilian conglomerate gets $2 bn infusion from Abu Dhabi - Mar 27, 2012
- Chevron to cap, abandon leaking Brazil oil well - Nov 16, 2011
- Brazilian firm finds offshore oil, gas fields - Jul 06, 2011
- Brazilian billionaire's son kills cyclist in accident - Mar 20, 2012
- Brazil seeking $10 bn from Chevron for oil spill - Dec 16, 2011
- Brazilian man to set up $1 bn electric car plant - Sep 17, 2010
- Petrobras finds oil signs during deepwater exploration - Oct 28, 2010
- Greenpeace protests Chevron oil spill off Brazil - Nov 19, 2011
- `Chevron out of Brazil if it fails to comply with agreement' - Dec 05, 2011
- Brazilian officials probe oil found on beach - Dec 20, 2011
- Brazil suspends Chevron drilling rights after spill - Nov 24, 2011
- Chevron detects new oil leak in Brazil - Mar 17, 2012
Tags: 100 million, batista, billionaire, brazil, brazilian firm, campos basin, conglomerate, dg, ebx, exploration blocks, feb 2, hydrocarbons, independent oil company, meter column, new oil, percent stake, petroleum, rio de janeiro, traces