ONGC Videsh Ltd. (OVL) is testing an oil discovery on trend with its 2017 Mariposa-1 oil strike on Block CPO-5 in Colombia and plans further drilling. The operator reported earlier this month that it had logged 284 ft of gross oil pay in the Lower Sands (LS-3) unit of the Cretaceous Une formation in its Indico-1 well. The well encountered pay at 9,833 ft MD and bottomed in Paleozoic rocks at 10,602 ft MD.

Source: News