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Indian Oil JV Strikes Oil in Abu Dhabi, Boosting India's Energy Security

India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, announced a significant oil discovery in an Abu Dhabi onshore block by a joint venture of Indian Oil Corporation and Bharat PetroResources. The discovery of light crude oil in two reservoirs marks an important step in Indian Oil's global upstream expansion. The minister framed the find as a milestone in India's journey toward energy self-sufficiency under Prime Minister Narendra Modi's leadership. This international success coincides with a major domestic push for exploration, including the large-scale Mission Anveshan seismic mapping program and the latest round of the Open Acreage Licensing Programme.

Key Points: Indian Oil JV Discovers Oil in Abu Dhabi Block

  • Major oil discovery in Abu Dhabi onshore block
  • Discovery by Indian Oil-BPCL joint venture
  • Milestone for India's global upstream journey
  • Part of broader domestic exploration push
  • Strengthens India's strategic energy security
2 min read

Indian Oil JV discovers oil in Abu Dhabi exploration block

India's oil companies discover light crude in Abu Dhabi, marking a milestone in energy self-sufficiency and global upstream expansion.

"a new milestone in India's quest towards energy self-sufficiency under the dynamic leadership of Prime Minister Narendra Modi - Hardeep Singh Puri"

New Delhi, Jan 14

Minister of Petroleum and Natural Gas Hardeep Singh Puri announced on Wednesday that in a major development, India's oil companies have struck oil in an onshore hydrocarbon block in Abu Dhabi.

The discovery was made by Urja Bharat PTE Ltd (UBPL), a 50:50 JV between India's energy Maharatna Indian Oil Corporation and Bharat PetroResources Ltd (BPCL). The successful discovery of light crude oil in both the Shilaif play (XN 76) and the Habshan reservoir (XN 79 02S) marks an important milestone in Indian Oil's expanding global upstream journey, the minister said in a post on X.

"We look forward to advancing and unlocking further hydrocarbon potential in the concession," the minister remarked.

The minister said that the discovery marked "a new milestone in India's quest towards energy self-sufficiency under the dynamic leadership of Prime Minister Narendra Modi."

He further stated that these breakthroughs reflect the dedication and technical excellence of our teams and reinforce our commitment to strengthening India's energy security through strategic international partnerships.

Meanwhile, on the domestic front, India's energy journey is entering a new era as seven sedimentary basins are under study with advanced technology for the exploration of oil and gas across the country.

Mission Anveshan, one of the largest seismic mapping programmes for oil and gas in India's history, has been launched, targeting 20,000 ground-line kilometres (GLK) of seismic surveys, of which over 8,000 GLK have already been surveyed.

While 1 million square km offshore area is now open for oilfield exploration, 99 per cent of 'No-Go' areas have been cleared.

The oil and gas blocks being offered under the Open Acreage Licensing Programme (OALP) have already garnered attention from global and domestic energy players, and Round X is expected to set new benchmarks for participation and investment.

The minister earlier highlighted that 25 blocks have been marked under OALP-X; 154 exploration blocks are active, while 14 new oil and gas discoveries have been made in the country.

- IANS

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Reader Comments

P
Priya S
A great strategic move. Partnerships in the Middle East are key for energy security. But I also hope we are investing equally in renewable energy sources for a sustainable future. We can't rely on fossil fuels forever.
R
Rohit P
Good step, but will the common man see any benefit? Every time there's a discovery, petrol prices still go up. Hope this translates to actual relief at the pump and not just corporate profits.
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Michael C
Interesting development from an investment perspective. Indian PSUs expanding their global upstream portfolio is a positive signal for the energy sector. The domestic mapping program, Mission Anveshan, also sounds ambitious.
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Shreya B
Proud of our engineers and scientists! 👏 This shows Indian technical expertise is world-class. The focus on domestic exploration through OALP is equally important. Jai Hind!
V
Vikram M
Energy self-sufficiency is a long road, but every discovery counts. Hope the government ensures transparent processes and that the revenue benefits the nation's development fund.

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