In a significant development for India's energy sector, Urja Bharat has announced another oil discovery in Abu Dhabi. This joint venture, formed by Indian Oil Corporation and Bharat PetroResources, continues to make strides in its exploration efforts.
New Milestone in Energy Quest
Petroleum and Natural Gas Minister Hardeep Singh Puri highlighted this discovery as a fresh milestone. He emphasized its importance for India's ongoing journey toward energy self-sufficiency. The find strengthens the country's strategic position in global energy markets.
Details of the Discovery
Urja Bharat made its first oil discovery at the XN-76 exploration well early in 2024. Now, the company has struck oil again while drilling the XN-79 02S exploratory well. Both wells are located within the same onshore block in Abu Dhabi.
IOC confirmed these developments in an official statement. The company noted that Urja Bharat operates with full concession rights over the area.
Background of the Concession
The Onshore Block 1 exploration concession was awarded to Urja Bharat back in March 2019. This substantial block covers an area of up to 6,162 square kilometers. The joint venture partners have invested nearly $166 million during the exploration phase so far.
Technical Breakthrough
BPCL provided technical details about the first discovery. It occurred in the unconventional Shilaif play at the XN-76 well. After successful hydro-fracking operations, the well began flowing oil to the surface from the Shilaif formation.
Testing results confirmed the presence of unconventional oil resources in Onshore Block 1, according to BPCL. This technical success validates the exploration strategy and opens new possibilities for resource extraction.
Strategic Implications
This second discovery reinforces the potential of the Abu Dhabi block. It demonstrates Urja Bharat's growing expertise in international exploration. The find contributes to diversifying India's energy sources and reducing import dependence.
The joint venture model between IOC and BPCL appears to be yielding positive results. Their collaboration combines technical capabilities and financial resources effectively. This success story may inspire similar partnerships in the future.
Energy analysts are watching these developments closely. Each new discovery brings India closer to its energy security goals. The Abu Dhabi block continues to show promise for further exploration and production activities.
