Videocon Industries announces new discovery of oil accumulation

In Farfan Area in the Serqipe Basin, Offshore Brazil

Videocon Industries announced that Petroleo Brasilerio SA (Petrobras), the operator of the BM-SEAL-11 Concession has discovered new oil accumulation in Farfan area in the Sergipe Basin.

The BM-SEAL-11 exploration block is the biggest new oil offshore frontier in Brazil.

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