Mumbai, India, 19 Sept – Bharat PetroResources (BPRL) plans to drill 16 test well by the end of this financial year and hopes to make some discoveries at the oil blocks it has both in India and abroad, such as in Mozambique, the company’s chief executive said in Mumbai.
According to Indian newspaper the Economic Times, R.K. Singh said that his company, which is a 100 percent-owned subsidiary of Bharat Petroleum (BPCL), would drill test wells in India, Mozambique, Brazil, Australia and Indonesia where it hoped to get positive results, “as those 16 wells would be made in quite promising areas.”
The company currently has 27 blocks, of which nine are in India and the remaining 18 in six foreign countries.
In the 2011 financial year, BPRL made some discovered in Brazil(light hydrocarbons), in Mozambique and in Indonesia (oil and gas) and also discovered natural gas in four of the six wells drilled in Mozambique. (macauhub)