EnCore Oil ..

Ooooo looks like the Journo got it wrong and maybe should read as follows.

MUMBAI: Bharat Petroleum (BPCL) will pick up a 25% participating interest in blocks 48 1B and 2C in the Southern gas basin of the North Sea.

The company joins a consortium led by Australian firm Norwest and UK company Encore Oil for a consideration of about Rs 55 crore, sources close to developments said. The move will give the Indian oil major exposure to near term drilling opportunities in the region, which is among the most explored in the world.