Bharat Petro Resources, a wholly owned subsidiary of Bharat Petroleum Corporation has informed that the well operator-Anadarko Petroleum has intimated that during the ongoing appraisal program, Barquentine -2 appraisals well has encountered more than 230 net feet (70 metres) of natural gas in high quality Oligocene-age reservoirs. The well was drilled to a total depth of approximately 4,100 meters and in approximately 1,650 meters of water. Also the first appraisal of Barquentine discovery matched the operator’s expectation, confirming seismic modeling and providing confidence in geological interpretation of this world-class accumulation.
The results of Barquentine -2 appraisal well, which is located approximately 3 kilometers east-southern of Barquentine 1 discovery well, also indicated that the Oligocene reservoirs are in pressure communication between wells. The drillship is now being mobilized to the south to drill the Camarao exploration well, which will also serve as an appraisal to the Windjammer discovery.
BRPL Ventures Mozambique B.V, an overseas subsidiary of Bharat Petro Resources holds 10% of participating interest (PI) in the block. Anadarko Petroleum Mocambique Area 1 Lda, an affiliate of Anadarko is the operator of approximately 10500 square kilometre block with a PI of 36.5%. The other consortium members are Videocon Mozambique Rovuma (10% PI), Cove Energy Mozambique Rovuma Offshore (8.5%) and Mitsui E&P Mozambique Area (20% PI). E.P a national Oil company of Mocambique holds the remaining 15% interest and is carried through the exploration phase.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2859.60 |
| Indian Oil Corp. | 162.40 |
| BPCL | 627.60 |
| HPCL | 537.05 |
| MRPL | 203.15 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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