Business Update10 Nov 2025, 05:21 pm
Bharat Petroleum Corporation Ltd Resolves Force Majeure in Area 1, Mozambique LNG Project
AI Summary
Bharat Petroleum Corporation Ltd (BPCL) announced that the Area 1, Mozambique LNG Project, in which its subsidiary BPRL Ventures Mozambique B.V. holds a 10% Participating Interest, has resolved the Force Majeure declared in April 2021 due to the deteriorating security situation in the north of Cabo Delgado province. The decision to resolve Force Majeure comes as the security situation has improved. The Area 1 Mozambique LNG Project is operated by Total EP Mozambique Area | Limitada, a wholly owned subsidiary of Total SE, with a 26.5% participating interest.
Key Highlights
- BPCL's subsidiary BPRL Ventures Mozambique B.V. holds a 10% Participating Interest in the Area 1, Mozambique LNG Project
- Force Majeure declared in April 2021 due to security issues
- Security situation in Cabo Delgado province has improved
- Force Majeure resolved by Area 1 Mozambique LNG Project Consortium partners
- Total EP Mozambique Area | Limitada operates the project with a 26.5% participating interest