ONGC Videsh Ltd. (OVL) discovered oil in the Urraca-IX well in CPO-5 block, Llanos basin, Colombia. The discovery in the Lower Mirador play opens new areas for further exploration in the northern part of the block, the company said in a June release.
The well spudded Apr. 20, 2022, and was drilled to target depth (TD) of 10,956 ft, encountering 17-ft thick oil-bearing sands between 10,201-10,218 ft. During initial testing with an electrical submersible pump (ESP), fluid flowed at about 600 b/d with around 40-50% water cut and 16° API oil.
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. They are producing 20,000 b/d.
ONGC Videsh is operator in the block (70%) with partner Geopark Co. (30%).
