SAO PAULO - Brazilian oil upstart OGX said on Friday it had found a 50 meter column of hydrocarbons with net pay of 15 meters from a well it is drilling in the BM-C-41 block in the Campos basin.
OGX is the sole owner of the concession to explore and produce from the block.
These reserves... are traditionally producers in the south of the Campos Basin, OGX director general Paulo Mendonca said in a not to the market.
The well head is under about 130 meters of water, 77 kilometers of the coast of Rio de Janeiro.
(Reporting by Reese Ewing; Editing by David Gregorio)