New Delhi, June 23 (Agency) ONGC Videsh Limited (OVL) on Thursday said that it 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 April 20, 2022, and drilled to target depth (TD) of 10956 ft, encountering 17 ft thick oil-bearing sands at a depth from 10201ft -10218 ft, an official statement said. During initial testing with the Electrical Submersible Pump (ESP), fluid flowed at the rate of approximately 600 bbl./day with around 40-50% W/C and oil of 16oAPI. Oil discovery in the Lower Mirador play in this well will open up new areas for further exploration in the northern part of the block.
ONGC Videsh has earlier discovered commercial oil in the Lower Sand pay in Mariposa and Indico fields in the block in 2017 and 2018 respectively, which are currently commercially producing @ 20,000 bbl oil per day. Block CPO-5 was awarded to ONGC Videsh Limited in the 2008 bid round of Colombia. ONGC Videsh holds 70% participating interest (PI) in the block along with operatorship, the remaining 30% 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).