New Delhi: ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd (ONGC), the national oil company of India, 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 feet, encountering 17 feet thick oil-bearing sands at a depth from 10201feet -10218 feet. During initial testing with an electrical submersible pump (ESP), fluid flowed at approximately 600 billion barrel litre (BBL) per day with around 40-50 per cent W/C and oil of 16oAPI.
Block CPO-5 was awarded to ONGC Videsh Limited in the 2008 bid round of Colombia. ONGC Videsh holds 70 per cent participating interest (PI) in the block along with operatorship, the remaining 30 per cent is held by partner Geopark.
ONGC Videsh has a significant presence in the oil and gas sector in Colombia, with three other exploratory blocks in the country and joint ownership of the oil producing company Mansarovar Energy Colombia Ltd (MECL). Oil discovery in a new play in the block with the well Urraca-1X, reiterates the technical and operational prowess of ONGC Videsh and adds one more feather in its cap towards the extensive Exploration and Drilling campaign in Colombia. /BI/
