All energy companies are at crossroads today and BPCL is no exception. The company has drawn up a very ambitious plan to spend a whopping Rs 100,000 crore in the next four years, according to a presentation vailable with this website.
8The company will have to speed up its capex by a whopping 2.5 times annually from its current level of Rs 10,000 crore a year, and all of it in the next four years.
8Where exactly will this money go?
8There is no clarity yet but a lot of it is likely to be sunk in its upstream assets, including funding its 10% stake in the Rovuma basin in Mozambique, where gas reserves are estimated at between 50 to 70 TCF..
8More money will go into the Whaoo basin in Brazil, where reserves are estimated at 200 MMBOE and where the company holds a stake in partnership with Videocon.
8BPCL also has an assortment of rather lackluster E&P assets in India in which it holds stakes of between 20 to 40%. Cash calls have to be attended in these assets as well.
8Investments are also planned in upgradation and expansion of refineries, gas and marketing infrastructure in India.
For more details visit indianpetroplus.com
8The company will have to speed up its capex by a whopping 2.5 times annually from its current level of Rs 10,000 crore a year, and all of it in the next four years.
8Where exactly will this money go?
8There is no clarity yet but a lot of it is likely to be sunk in its upstream assets, including funding its 10% stake in the Rovuma basin in Mozambique, where gas reserves are estimated at between 50 to 70 TCF..
8More money will go into the Whaoo basin in Brazil, where reserves are estimated at 200 MMBOE and where the company holds a stake in partnership with Videocon.
8BPCL also has an assortment of rather lackluster E&P assets in India in which it holds stakes of between 20 to 40%. Cash calls have to be attended in these assets as well.
8Investments are also planned in upgradation and expansion of refineries, gas and marketing infrastructure in India.
For more details visit indianpetroplus.com
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