Indian Oil Reports New Oil Discoveries in Abu Dhabi’s Onshore Block 1

Indian Oil’s Breakthrough in Abu Dhabi

Indian Oil Corporation Ltd (IOCL), along with Bharat PetroResources Ltd, has reported new oil discoveries in Abu Dhabi’s Onshore Block 1. Operated through their joint venture Urja Bharat Pte Ltd (UBPL), the discoveries highlight India’s growing footprint in global energy exploration and reinforce strategic ties with the UAE.

Key Highlights

• Exploratory Success: Discoveries were made in the Unconventional Shilaif play at well XN-76 and confirmed during testing of well XN-79.
• Joint Venture: UBPL, a 50:50 partnership between IOCL and Bharat PetroResources, operates the concession.
• Strategic Importance: The block spans 6,162 sq km in the Al Ruwais area, offering long-term production potential.
• Economic Impact: The discoveries strengthen India’s energy security while supporting Abu Dhabi’s diversification strategy.
• Global Collaboration: The concession reflects ADNOC’s broader strategy to attract foreign investment and enhance resource sustainability.

Outlook
Analysts expect these discoveries to pave the way for further exploration and production, bolstering India’s overseas energy assets and reinforcing bilateral cooperation with the UAE.

Sources: InvestyWise, The Energy Year, Oil & Gas Middle East