ONGC Videsh, a division of Oil and Natural Gas Corp (ONGC), is planning to make an investment of USD 150 million in exploration in FY 2018.

The investment will be made to drill more wells in Colombia where the company has made a commercial discovery, and in Kazakhstan and Bangladesh.Oil and gas company operating the CPO-5 block of Colombia has made a commercial discovery in its exploration well Mariposa-1.

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