OVL Finds Oil And Gas

  • 06 Jan 2020

  • State-owned ONGC Videsh Ltd (OVL) has discovered oil and gas in its exploration blocks in Colombia and Brazil respectively.
  • ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin.
  • ONGC Videsh Ltd, the overseas arm of ONGC, has invested $28 billion in 41 projects across 20 countries and has probable reserves of 711.36 million tonnes of oil equivalent.