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The Economic Times

Economy / The Economic Times

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Petrobras clears offshore project with BPCL in Brazil

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.

17 Apr 2026 1:05 am