• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai March 14 Bharat Petroleum Corporation Ltd and Tata Petrodyne have picked up 25 per cent each participating interest in two exploration blocks in the North Sea gas basin in UK.

In a notice to the stock exchange, BPCL said it has signed an agreement with a consortium led by the Australian company Encore Ltd and the UK company NW E Southern Cross to buy 25 per cent interest. All four partners — including Tata Petrodyne — have equal participating interest said a BPCL official.

The terms of the licence require a well to be drilled before December 2008, the notice said. The gas block is a prospective one, as it was partly explored earlier by Amoco. BPCL has interest in oil and gas exploration in Australia and Oman.

More Stories on : Mergers & Acquisitions | Overseas Investments | Bharat Petroleum Corporation Ltd | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Biocon arm to set up research facility for Bristol Myers

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line