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Chairman of India’s Videocon says new discovery will be one of the lowest cost wells in the world
A consortium that includes a 50:50 joint venture between Bharat Petroleum (ticker: PBCL) and Videocon Industries (ticker: VIDEOIND), and Brazilian oil major Petrobras (ticker: PBR) report a significant discovery off the northeast coast of Brazil. The discovery was made in a well drilled in the BM-SEAL-11 exploration block in the Sergipe basin off the coast, the two companies said in

“The well 3-SES-186 was drilled 103 km (approximately 64 miles...


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