ONGC Videsh makes second oil discovery in Colombia; to drill more wells

The company now plans to drill more exploratory wells to chase this important Cretaceous clastic corridor in immediate future

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), Saturday said it has made a second oil discovery in Colombia that has increased prospects of its onland block in the South American nation.

The well Indico-1 in onshore block CPO-5 found an oil-bearing play, the company said in a statement.

OVL is the operator of the block with 70 per cent stake while Petrodorado South America S A Sucursal (PDSA) of Colombia holds the remaining 30 per cent.

The well was spudded on November 7, 2018, and the company completed drilling on December 15, 2018.

"The well Indico-1 encountered