Bharat Petroleum Corporation Ltd.: Announcements (BPCL)

05 Oct 2011 18:45:21Source: Dion Global

Bharat Petroleum Corporation Limited (BPCL) has announced that its wholly owned subsidiary, Bharat PetroResources Limited (BPRL) appraised its most recent exploration well at the Camarao successfully, through its offshore Mozambique operator, M/s Anadarko Petroleum Corporation U.S.A.

In its filing to the Bombay Stock Exchange on October 5, 2011, BPCL informed that the exploration well at the Camarao prospect encountered approximately 73 net metres of natural gas pay in an excellent quality reservoir and confirmed static pressure connectivity with the previously announced Windjammer and Lagosta discoveries.

The filing also added that the the Camarao well discovered 43 net metres of natural gas pay in shallower Miocene and Oligocene sand packages.

While apart from the said development, the operator also plans to put up two LNG trains of 5-million tonne per annum each with flexibility to develop additional trains based upon continued exploration and appraisal success.