Washington: In a landmark achievement bolstering India’s energy ambitions, state-run giants Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) have announced significant crude oil discoveries in Abu Dhabi’s Onshore Block-1, marking a major stride in overseas exploration.
Through their 50:50 joint venture, Urja Bharat Private Limited (UBPL) — operated via Bharat PetroResources Limited (BPRL) — the companies struck light crude oil in multiple wells within the sprawling 6,162 sq km onshore block, awarded in March 2019.
The breakthrough began in early 2024 with the first find in exploratory well XN-76 in the unconventional Shilaif formation. After successful hydro-fracking, the well flowed light crude oil to the surface, confirming promising unconventional resources.
Adding to the momentum, testing of well XN-79 02S revealed oil in the Habshan reservoir — the first such discovery in this formation within the concession area. These finds, described as “very encouraging” and a “significant achievement” by the companies, highlight the block’s strong potential.
With over $166 million already invested, UBPL is now advancing to the appraisal phase to evaluate commercial viability and plan future development. The venture is also progressing work on the existing Ruwais field while hunting for more hydrocarbon prospects.
This success strengthens India’s overseas upstream footprint in one of the world’s most prolific oil regions, reducing reliance on imports and enhancing long-term energy security amid rising domestic demand.
Experts view it as a strategic win for Indian public sector oil majors, showcasing technical expertise and global operational prowess.