OGX Petróleo e Gás Participações S.A., the largest Brazilian private sector oil and gas company in terms of offshore exploratory acreage, announces the conclusion of drilling of the well 1-MRK-2B-SPS, located in the BM-S-29 block, in the shallow waters of the Santos basin. The block is part of a concession in which OGX holds a 65% working interest, and operator Maersk Oil controls 35%. Following the conclusion of drilling, the operator Maersk Oil filed a Discovery Appraisal Plan with the Brazilian Petroleum, Natural Gas and Biofuels Agency (“ANP”).

The well is located in the BM-S-29 block and is situated approximately 130 kilometers off the coast of the state of São Paulo at a water depth of approximately 100 meters.