ONGC Videsh Limited announces new discovery in Colombia

ONGC Videsh Limited (OVL), the wholly-owned subsidiary and overseas arm of the government-run Oil and Natural Gas Corporation Ltd NSE 1.63 % (ONGC), has made an oil discovery in Colombia, the Ministry of Petroleum & Natural Gas said on Thursday.

The company has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. Well, Urraca-1X was spudded on 20th April 2022 and drilled to target depth (TD) of 10956 ft., encountering 17 ft thick oil-bearing sands at a depth from 10201ft -10218 ft, the ministry said.

During initial testing with Electrical Submersible Pump (ESP), fluid flowed @ approx. 600 bbl./day with around 40-50 per cent W/C and oil of 16oAPI.