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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, by the name Bharat PetroResources Limited (BPRL) was incorporated in October 2006.
BPRL was set up with the objective of carrying out Exploration and Production activities considering the need for a focused approach in Exploration and Production activities and implementation of investment plans of Bharat Petroleum at a faster pace.
Formation of E&P Setup in BPCL (2003)
Bharat PetroResources Limited was incorporated (2006)
New Exploration Licensing Policy VI ( 5 Blocks) (2007)
Brazil & Mozambique Acquisition (2008)
Indonesia Entry (2009)
Entry into Shale Gas Entry Australia (2010)
BPRL becomes Lead Operator (2012)
Schedule B Reserve Certification Acquisition (2013)
20 successful Discoveries and Appraisals (2014)
22 Discoveries (2015)
Russian Acquisition (2016)
(upto 30.09.2016)
Managing Director upto 30.09.2016
Director w.e.f. 01.10.2016
Managing Director
(upto 31.07.2016)
(w.e.f. 09.05.2017)
Director (Finance)
Director
To become a recognised player in the upstream sector. Enhance stakeholder value through focus on early monetization, operatorship, and achieve and manage efficiently a balanced portfolio of assets.