2200 MT well head platform transported by Freight Wings to offshore site in KG Basin
OGX estimates that the total Parnaiba Basin natural gas potential at 15 trillion cubic feet. This discovery opens a new exploratory frontier in an onshore basin, the first in two decades. At the Campos Basin, OGX-18 well reports indication of hydrocarbons, adding to the excellent results of their ongoing exploratory campaign.
Devon Energy has informed ANP (Brazil´s National Petroleum Agency), that it has discovered indications of hydrocarbons in block CM-471 at the Campos Basin. This block is operated by Devon in a 50%/50% partnership with Brazil´s national operator Petrobras.
Since last year OGX Petróleo e Gás has been having excellent results in its exploratory campaign in the Campos Basin.
The recent discovery of hydrocarbon accumulations under the Albacora Leste field´s pre-salt layer confirms there potential of the Campos Basin to be a significant pre-salt producer.
This new pre-salt discovery in the Campos Basin, highlights the potential for new discoveries in both the pre and post salt layers of this mature basin, which up to now has been the main O&G producer in Brazil and until recently was considered by many as not having much more to give in terms of new reservoirs.
Increased investment in subsea systems instead of intensive use of rigs and FPSOs is looking to be the present and future trend in the Brazilian O&G market.
Foreign companies offering enhanced technology to the rescue of offshore operators in search for oil and gas
Anadarko´s oil find in the Wahoo #2 well in the Campos Basin and OGX´s major increase in exploration drilling in Brazil all point to a high potential, low risk scenario in the Brazilian O&G fields.