Exploration

Indian state player pays out for defaulting partner Videocon in Brazil

Company made payment on behalf of defaulting partner to protect its interest in offshore blocks in Brazil

Spending wise: the semisub Ocean Courage was used to drill the Barra prospect, the maiden find in Block BM-SEAL-11 in the Sergipe-Alagoas basin
Spending wise: the semisub Ocean Courage was used to drill the Barra prospect, the maiden find in Block BM-SEAL-11 in the Sergipe-Alagoas basinPhoto: SEMBCORP MARINE
New Delhi/Rio de Janeiro
Published 29 September 2020, 13:21Updated 29 September 2020, 13:21
IndiaBPCLBrazilBharat Petroleum CorporationVideocon