ONGC Videsh makes fourth commercial oil find in its Colombian block

Oil Natural Gas Corporation (ONGC) on Friday announced its overseas subsidiary struck commercial oil in one of its Colombian blocks. This is the fourth commercial find in the block by ONGC Videsh.

In its statement, ONGC said ONGC Videsh (OVL) has made a significant strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin. 

The firm said: “Currently, the well (Indico-2) is flowing under short-term testing with multi-bean study for further evaluation.”

OVL is the operator in the block with a 70 per cent stake, along with its partner Geopark, an independent oil and gas company focused in Latin America.

The company