OVL reports oil finds in Colombia, Brazil

Oct. 16, 2019
ONGC Videsh, the international operating arm of India’s Oil & Natural Gas Corp., reports two oil discoveries in Latin America.

ONGC Videsh Ltd., the international operating arm of India’s Oil & Natural Gas Corp., reports two oil discoveries in Latin America.

On the CPO-5 Block it operates in Colombia, the Sol-1 well encountered 8 m of oil-bearing sands at 2,852 m, extending an existing play southward.

OVL is producing oil from earlier discoveries in the play, Mariposa-1 and Indico-1 (OGJ Online, Jan. 24, 2019).

Participating interests in the block are OVL, 70%, and Petrodorado South America SA, Sucursal Colombia, 30%.

Offshore Brazil, OVL is a 25% partner with operator Petrobras in the Moita Bonita-2 deepwater gas strike on the BM-SEAL-4 Block.

The well encountered 39 m of total gas-bearing sand at 5,227 m in 2,629 m of water.

OVL said a drillstem test at 5,252-91 m “showed good production.”