Bharat PetroResources Limited
Bharat Bhavan
4 and 6 Currimbhoy Road
Ballard Estate, Mumbai 400001
India
Tel: 022 227 13000
Bharat Petroleum entered the upstream sector in 2003 with an aim to provide partial supply security of crude and hedging of price risks and to become a vertically integrated oil company. A wholly owned subsidiary company of Bharat Petroleum, Bharat PetroResources Limited (BPRL) was incorporated in October 2006.
BPRL has participating interest (PI) in twenty four blocks of which twelve are located in India and twelve overseas, along with equity stake in two Russian entities holding the licence to four producing blocks in Russia. Seven of the twelve blocks in India were acquired under different rounds of New Exploration Licensing Policy (NELP) and five blocks were awarded under Discovered Small Fields Bid Round 2016. Of the overseas blocks, six are in Brazil and one each in United Arab Emirates, Mozambique, Indonesia, Australia, Israel and Timor Leste. The blocks of BPRL are in various stages of exploration, appraisal, pre-development and production. The total acreage held by BPRL and its subsidiaries is around 25,359 km² of which approximately 77% is offshore.
KEYFACT Energy