New Delhi, May 4:
ONGC Videsh has found hydrocarbon reserves in its Mariposa-1 well, which is under drilling in CPO-5 block of Colombia.
An official statement noted, “Electric Log analysis indicates the presence of approximately 120 ft of oil saturated net pay in the Lower Sands Unit 3 of the Une Formation.
“Good hydrocarbon shows of oil and gas were also encountered while drilling this section.”
Drilling processONGC Videsh is the operator of the block and holds 70 per cent participating interest and Amerisur Resources holds the remaining 30 per cent.
The well Mariposa-1 commenced drilling on March 24 this year and was directionally drilled to a total depth of 11,556 feet.
(This article was published on May 4, 2017)
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