Bloomberg News

OGX Finds Oil in Block of Brazil’s Campos Basin, ANP Says

February 12, 2012

Feb. 12 (Bloomberg) -- OGX Petroleo & Gas Participacoes SA, the oil explorer controlled by Brazilian billionaire Eike Batista, found traces of oil in an offshore well in the C-M-592 block of Brazil’s Campos Basin.

The discovery in well 3OGX72RJS hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency. OGX controls 100 percent of the well.

--Editor: Joe Sabo.

To contact the reporter on this story: Andre Soliani in Brasilia at asoliani@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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