Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that :
"On September 04 2009, BPRL Ventures Indonesia B.V., an overseas wholly owned company held through Bharat PetroResources Ltd, (BPRL) which is a wholly owned subsidiary of Bharat Petroleum Corporation Ltd ("BPCL") has farmed into the Nunukan PSC in Indonesia, with a 12.5% participating interest, which has been offered by M/s Anadarko Indonesia Nunukan Company ("Anadarko"), a wholly owned subsidiary of Anadarko Petroleum Corporation, U.S.A. The PSC covers an area referred to as Nunukan block, located in offshore Indonesia. The existing partners in the block are M/s Anadarko (the Operator) and M/s PT Mcdco E&P Nunukan (Medco), a company existing under the laws of the Republic of Indonesia.
Burls commitment is estimated at USD 11.125 MM for drilling a commitment well in the block during mid 2010. The outlay as above includes BPRLs share of obligations previously agreed between Anadarko and Medco.
The closing of the transaction under the Agreement is subject to normal conditions precedent in these kinds of transactions, including consent and waiver of first right of refusal by existing partners and subject to regulatory approvals of the Government of Indonesia. Upon closing, BPRL will acquire interest in the PSC and the JOA with effect from August 01, 2009.
Videocon Indonesia Nunukan Inc. ("Videocon") an overseas wholly owned subsidiary of Videocon Industries Ltd has also farmed into the block on identical terms and conditions on the same day.
Upon closing of the transaction, the Participating Interests held by the partners shall be as follows:
| NIFTY 
