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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
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