ONGC Videsh discovers oil in onshore Colombian block

India’s ONGC Videsh (OVL) has announced a significant oil discovery in its onshore block CPO-5 in Llanos Basin, Colombia. OVL said that the well “during initial testing produced oil of 35.2 degrees API in commercial quantity @ 6,300 BOPD, with negligible BSW of 0.11%”. The block CPO-5 is operated by OVL with a 70% stake along with its Partner Geopark, an independent oil and gas company focussed in Latin America, with a 30% stake.

Source: NS Energy