BM-SEAL-11 PROJECT

About:

• The start of production from BM-SEAL-11 project is expected from 2026-27.
• BPRL has 40% Participating Interest (PI) in this Concession along with Petrobras, National oil company of Brazil, as the Operator with 60% Participating Interest.

This will help in:

• accessing to equity oil to strengthen India’s energy security.
• diversifying India’s crude oil supply and Indian oil companies have expressed interest in sourcing more crude oil from Brazil.
• Strengthening India’s foothold in Brazil, which will further open business avenues in neighbouring Latin American countries.
• Further strengthening the bilateral ties between the countries.