Don’t miss the latest developments in business and finance.

Videocon Industries announces new discovery of oil accumulation

Image
Capital Market
Last Updated : Jan 09 2015 | 11:34 AM IST

In Farfan Area in the Serqipe Basin, Offshore Brazil

Videocon Industries announced that Petroleo Brasilerio SA (Petrobras), the operator of the BM-SEAL-11 Concession has discovered new oil accumulation in Farfan area in the Sergipe Basin.

The BM-SEAL-11 exploration block is the biggest new oil offshore frontier in Brazil.

Powered by Capital Market - Live News

More From This Section

First Published: Jan 09 2015 | 10:41 AM IST

Next Story