BPCL Production Sharing Contract

Bharat Petroleum Corporation Ltd (BPCL) has announced that the Timor Sea Designated Authority (TSDA) has signed on November 15, 2006 a Production Sharing Contract with the consortium comprising Oilex (JPDA 06-103) of Australia (Operator), Bharat PetroResources JPDA Ltd (wholly owned subsidiary of Bharat PetroResources Ltd which is a wholly owned subsidiary Company of the Company), Global Energy Inc and GSPC (JPDA) Ltd for the Block JPDA 06-103 in the Joint Petroleum Development Area (JPDA) between East Timor and Australia with each having 25% participating interest.

Source : Equity Bulls

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