India’s ONGC Videsh Ltd. (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corp. Ltd. (ONGC), said it has found more oil in Colombia’s CPO-5 Block in the Llanos Basin.
The Indico-1 well hit oil in the Lower Sands (LS-3) of the Une Formation (Cretaceous). The well was successfully logged and found to have 284 ft of gross thickness and 241 ft net pay, OVL said in a news release Jan. 6.
A 40-ft interval of the upper part of LS-3 reservoir was perforated and completed for production in self-flow. During the test, the well flowed at self-flow rate of about 4,000 barrels per day, OVL said.
The well was spudded on Nov. 7, 2018, and drilling was completed on Dec. 15. Currently, testing is underway at the well, the company said.
The discovery marked the second for the company in Colombia. OVL found commercial quantities of oil in the LS-3 sands in 2017 with the Mariposa-1 well, located 6.5 km from Indico-1. The latest well confirmed the continuation of the same play, OVL said.
“The company now plans to drill more exploratory wells to chase this important Cretaceous clastic corridor in immediate future,” the release said. “OVL is also embarking on acquiring additional 3-D Seismic data to map more drillable prospects in the other sectors of the block.”
ONGC Videsh has a 70% stake in the block. Partner Petrodorado South America S.A. Sucursal holds the rest.