State-run BPCL announced that the SEAP-I project in Brazil, operated by Petrobras, has received Final Investment Decision. BPCL, through its subsidiary IBV, holds a 40% stake and will invest approximately $2.8 billion. The project, utilizing the FPSO vessel P-81, aims to enhance India’s energy security by diversifying oil supply sources.
Petrobras clears offshore project with BPCL in Brazil
