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ONGC, GeoPark make Colombia oil discovery

Bnamericas Published: Friday, June 24, 2022
ONGC, GeoPark make Colombia oil discovery

India's ONGC Videsh announced the discovery of oil and gas at a well in Colombia's onshore Llanos basin. 

The Urraca-1X well was drilled to a depth of 10,956ft and encountered 17ft-thick oil-bearing sands, ONGC said in a statement on Thursday. 

This "opens up new areas for further exploration in the northern part of the block," said the company. 

The area forms part of the CPO-5 block, in which ONGC holds a 70% operating stake alongside GeoPark.

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