Epic Update : Videocon Industries

Videocon Industries’ step down subsidiary — Petroleo Brasileiro — has made discovery of hydrocarbons. Petroleo Brasileiro SA (Petrobras), the operator of the BM-SEAL-11 Concession has discovered new light oil accumulation in ultra deep waters of Sergipe- Alagoas Basin, at concession area BM-SEAL-11, located in block SEAL-M-349. The discovery took place during drilling of well 1-BRSA-1104-SES (1-SES-166).
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