Indian consortium find crude oil in Brazil

A consortium, which includes Bharat Petroleum and Videocon Industries, has made a significant crude oil discovery in a well drilled in the BM-SEAL-11 exploration block in the Sergipe basin off Brazil´s Northeast coast. Brazilian state-run oil company Petroleo Brasileiro SA, the operator of the block, expects to start producing oil in the area in 2018. The discovery is in an area that is believed to hold more than 1 bn barrels of recoverable oil. Contact: Bharat Petroleum. Website: www.bharatpetroleum.co.in