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Old May 31st, 2016, 04:16 PM
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Default BPCL Australia

Hi buddy I heard Bharat Petroleum Corporation (BPCL) is eyeing success in the Australian shale gas sector, is this statement true , tell me about the same ??
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  #2  
Old May 31st, 2016, 04:57 PM
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Default Re: BPCL Australia

Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra.

Yes you heard absolutely right, Indian state owned energy firm Bharat Petroleum Corporation (BPCL) is eyeing success in the Australian shale gas sector, Company’s upstream subsidiary, Bharat Petro Resources (BPRL), has a 27.803% stake in Western Australia’s (WA) Perth Basin considered to be a prolific reserve of shale gas in the world. The shale gas block, EP413, is being operated by Norwest Energy with 27.945% interest and the remaining 44.252% is held by AWE.

Type Public

Traded as BSE: 500547

NSE: BPCL

Industry Oil and gas

Headquarters Mumbai, Maharashtra, India

Key people S. Varadarajan

(Chairman & MD)

Products Petroleum, natural gas, and other petrochemicals

Revenue 240367 crore (US$36 billion) (2015)

Operating income 9777 crore (US$1.5 billion) (2015)

Net income 5082 crore (US$760 million) (2015)

Total assets 44866 crore (US$6.7 billion) (2015)

Owner Government of India

Number of employees 12,687 (2015)
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