Brazil’s independent oil and gas exploration company, OGX, has discovered oil at its Cozumel prospect offshore Brazil, Reuters has reported, citing an unnamed executive.
Cozumel is located in the BM-C-37 in the Campos Basin. The company, owned by Brazilian billionaire Eike Batista, did not immediately respond to an e-mail seeking comment.
In its 3Q report published yesterday, OGX said that the prospect could hold a Total Estimated Recoverable Volume between 209 and 270 mmboe.
[mappress] Offshore Energy Today Staff, November 9, 2012