IOC, BPCL arm JV finds oil in Abu Dhabi
NEW DELHI : Urja Bharat, a joint venture of Indian Oil Corporation (IOC) and Bharat PetroResources — the production arm of Bharat Petroleum Corporation (BPCL) — has made oil discoveries in an onshore block in Abu Dhabi. Petroleum and natural gas minister Hardeep Singh Puri said the discovery marks a new milestone in India’s quest for energy selfsufficiency.
In a statement, IOC said Urja Bharat (UBPL) made its first oil discovery at the XN-76 exploration well in early 2024 and now made another while drilling the XN-79 02S exploratory well in the same block. UBPL was awarded the Onshore Block 1 exploration concession in March 2019.
