Bharat Petroleum is trying to make exploration and production its key focus area with alliances already in place with international energy giants. But a major success in this area still eludes the company. It is now trying to diversify into other segments.
We export 7,00,000 tonne of furnace oil and Matrix brings in captive capacity of 60-70 ships. Singapore is world''s largest bunkering market with capacity of 28 million metric tonne per annum, said Ashok Sinha, Chairman, BPCL.BPCL in an alliance with Videocon Industries has recently acquired EnCana Brasil Petroleo, which has interest in 10 offshore exploration blocks in Brazil.The company in collaboration with Brazil''s national oil company Petrobras, Australian Norwest Energy and Videocon is scouting for more exploration projects across South America, West Africa and East Asia.
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