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Frequently Asked Questions (FAQs)

Besides India, presently, BPRL has participating interest (PI) in exploration blocks in Brazil, Mozambique, East Timor, Indonesia, and Australia. Further, BPRL has also signed definitive agreements to acquire stakes of companies in Russia which have oil & gas producing assets in their portfolio.

The budgets provided for Upstream activities are approved as part of BPCL’s overall plan budget and are hence dovetailed into our overall Corporate budget. Funding (for BPRL and its subsidiaries) is through both equity and loans.

In case of blocks won through bidding rounds, the process involves purchase of data/tender, study of the data, technical / commercial / legal evaluation, and bidding. For Farm-in blocks, the process involves study of data in house and also through external consultant, and technical & commercial evaluation and bidding. In both of the above, partnering with reputed operators/ companies is considered important.

Currently, in India, acreages are available mostly through the NELP bidding rounds. Our assets abroad are acquired either through bidding rounds, company acquisition (Brazil) or through farm-in (Australia, Mozambique, Indonesia). Currently, BPRL has 7 blocks in India and 10 blocks abroad.

Continent Country No. of blocks
South America Brazil 6
Africa Mozambique 1
Asia Indonesia 1
  India 7
Australia Australia 1
  East Timor 1

  1. BPRL International B.V. is a 100% subsidiary of BPRL incorporated in the Netherlands as a holding company for some of our overseas projects. There are separate SPVs for most of our overseas projects (except those in Australia), as follows:
    • For Brazil Project
      • BPRL Ventures B.V. , incorporated in The Netherlands
      • IBV Brasil Petroleo Ltda , JV incorporated in Brasil
    • For East Timor Project
      • BPR-JPDA Ltd, incorporated in India
    • For Mozambique Project
      • BPRL Ventures Mozambique B.V., incorporated in The Netherlands
    • For Indonesia Project
      • BPRL Ventures Indonesia B.V., incorporated in The Netherlands
  2. BPRL International Singapore Pte Ltd is a 100% subsidiary of BPRL incorporated in Singapore for acquisition of companies in Russia.. This Company has following SPVs:-
    • Taas India Pte Ltd – JV incorporated in Singapore
    • Vankor Indian Pte Ltd – JV incorporated in Singapore

BPRL has four offices in India i.e. 2 in Mumbai 1 each in Ahmedabad and Chennai. Further, BPRL has Joint Venture company in Brazil wherein BPRL has posted 1 employee. BPRL Mozambique BV has one employee posted at Maputo. In addition BPRL has 4 Foreign Subsidiaries in Netherlands.

BPRL’s total acreage : 24375 sqkm, of which around 21450 sqkm ( around 88%) is offshore

BPRL has three blocks in offshore Brazil. Out of which, two blocks are in pre-salt area in Campos basin and one block in post-salt area in Santos basin.

BPRL follows stringent environmental regulations for exploration activities. It adopts best practices for minimizing the environmental impact, including using advanced technologies and adhering to international standards for environmental protection.

BPRL plans to expand its exploration activities across the world, especially in offshore regions, and to focus on producing assets while pursuing its sustainability and growth objectives.