Project Profile
Location: East of the Eastern Cordillera (Andes), Llanos basin, Central Colombia
Production: 120-300 bpd (on testing)
Start-up Year: -
The CPO-5 block is located on land in Llanos basin of Central Colombia and is presently under Phase 1 of exploration. It has committed to drill two exploratory wells in this phase. OVL drilled the first of the two commitment wells - Kamal-1X on October 29, 2012 and drilled up to the target depth of 10,500 feet. The company is gearing up for spudding the second well in the block this month. Oil and Natural Gas Corporation Videsh Limited (OVL) struck oil in the very first well it drilled on the block.
OVL\'s first well on the Block CPO-5 struck oil at two places and produced 120-300 barrels per day on testing. The oil is heavy in nature with an API gravity of about 14. To assess the potential and commerciality of the oil find, extended production testing would be taken up in due course, the statement added.
Operators:
Oil and Natural Gas Corporation Videsh Limited (OVL): Operator with 70% interest
Amerisur Resources: 30% interest