BPCL lines up upstream push, in Rs 1500 crore plan

 The investment will be made over a period of next five years. The phasing would depend on the opportunities.

 It plans to bid in the fourth round of NELP. Under the latest round 24 blocks will be on offer, including 12 deep water, 11 onland and one shallow water. Bids will close on September 30, 2003.

 As E&P is considered a high risk business with success rate of only 33 per cent, BPCL will go in for