{"id":388309,"date":"2020-12-07T11:30:11","date_gmt":"2020-12-07T06:00:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388309"},"modified":"2020-12-07T12:56:04","modified_gmt":"2020-12-07T07:26:04","slug":"ongc-gains-5-as-overseas-arm-discovers-oil-in-columbia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-gains-5-as-overseas-arm-discovers-oil-in-columbia\/","title":{"rendered":"ONGC gains 5% as overseas arm discovers oil in Columbia"},"content":{"rendered":"<p>NEW DELHI: Shares of ONGC NSE 2.06 % gained 5 per cent in Monday&#8217;s trade after the overseas investment arm ONGC Videsh (OVL) made a significant oil discovery in an onshore block in Colombia.<\/p>\n<p>In a BSE filing, the company said that OVL struck oil while drilling an appraisal well &#8216;Indico-2&#8217; in CPO-5 block in Llanos Basin of Colombia.<\/p>\n<p>OVL is the operator in the block with 70 per cent stake. Geopark, an independent oil and gas company focussed in Latin America, has the remaining 30 per cent interest.<\/p>\n<p>Following the development, the stock rose 4.61 per cent to hit a high of Rs 94.<\/p>\n<p>The well &#8216;Indico-2&#8217; encountered a net pay of 147 feet which during initial testing produced oil of 35.2 degrees API in commercial quantity at the rate of 6,300 barrels per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Shares of ONGC NSE 2.06 % gained 5 per cent in Monday&#8217;s trade after the overseas investment arm ONGC Videsh (OVL) made a significant oil discovery in an onshore block in Colombia. In a BSE filing, the company said that OVL struck oil while drilling an appraisal well &#8216;Indico-2&#8217; in CPO-5 block in Llanos Basin of Colombia. OVL is the operator in the block with 70 per cent stake. Geopark, an independent oil and gas company focussed in Latin America, has the remaining 30 per cent interest. Following the development, the stock rose 4.61 per cent to hit [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-388309","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=388309"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388309\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}