Pursuant to inroads into a sale process for Videoconâs intl assets (DEA 12 Oct â18), the State Bank of India is formally inviting offers for the companyâs assets in Indonesia + Brazil. Sales from the debt-laden company are hoped to recoup USD 2.5-3 bn of the total USD 4.5 bn loan extended to Videocon: in Brazil, 4 blocks are involved under the IBV banner (JV with Bharat Petr.), of which BM-SEAL-011, and in Indonesia the Nunukan block in E. Kalimantan (Badik discoveries).
Pursuant to inroads into a sale process for Videoconâs intl assets (DEA 12 Oct â18), the State Bank of India is formally inviting offers for the companyâs assets in Indonesia + Brazil. Sales from the debt-laden company are hoped to recoup USD 2.5-3 bn of the total USD 4.5 bn loan extended to Videocon: in Brazil, 4 blocks are involved under the IBV banner (JV with Bharat Petr.), of which BM-SEAL-011, and in Indonesia the Nunukan block in E. Kalimantan (Badik discoveries).