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India's Energy Security Boosted by UAE Oil Find
14 Jan
Summary
- BPCL's subsidiary BPRL announced an oil discovery in Abu Dhabi.
- This discovery significantly supports India's energy security efforts.
- UBPL, a joint venture, operates the concession area in Abu Dhabi.
Bharat PetroResources Limited (BPRL), a wholly-owned subsidiary of BPCL, has successfully made an oil discovery in its operated Onshore Block 1 in Abu Dhabi. The announcement, made on January 13, 2026, marks a significant milestone for BPRL as an international operator.
This positive development is expected to bolster India's energy security initiatives. The discovery was made through UBPL, a special purpose vehicle formed as a 50:50 joint venture between BPRL and Indian Oil Corporation (IOC). The production concession agreement grants UBPL equity oil rights, further strengthening the pursuit of energy independence.
Both BPCL and IOC expressed enthusiasm, terming the discovery a significant achievement for their international operational capabilities. Moving forward, UBPL is set to advance the development of the existing Ruwais field and explore other potential hydrocarbon prospects within the concession area.
