Venture Intelligence (TSJ Media Pvt. Ltd.)
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BPCL arm to invest $2.8 B in Brazil’s Petrobras-operated oil & gas project
Mumbai-headquartered Bharat Petro Resources Ltd (BPRL), a subsidiary of state-run Bharat Petroleum Corporation Ltd (BPCL), is to invest about USD 2.8 Billion in a Brazil-based oil and gas project operated by Brazil's state-run Petrobras .The investment targets the SEAP-I project, which involves the development of oil and gas discoveries within the BM-SEAL-11 concession in Brazil.Operational plans for the SEAP-I project include a floating production, storage and offloading vessel, designed with the capacity to produce 120 thousand barrels of oil and condensate and process 10 million cubic metres of gas per day.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.