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IOC and BPCL Discover Oil in Abu Dhabi's Block 1

1/15/2026

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Summary

Story summary

Indian Oil Corporation Ltd (IOC) and Bharat Petroleum Corporation Ltd (BPCL) announced significant oil discoveries in Abu Dhabi’s Onshore Block 1.
Urja Bharat Pte Ltd (UBPL), the IOC–BPCL joint venture, confirmed light crude in the Shilaif play (XN 76) and Habshan (XN 79 02S).
The discoveries will undergo appraisal for commercial viability.
Minister Hardeep Singh Puri highlighted the findings as steps toward energy self-sufficiency.

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Story summary

Indian Oil Corporation Ltd (IOC) and Bharat Petroleum Corporation Ltd (BPCL) announced significant oil discoveries in Abu Dhabi’s Onshore Block 1.
Urja Bharat Pte Ltd (UBPL), the IOC–BPCL joint venture, confirmed light crude in the Shilaif play (XN 76) and Habshan (XN 79 02S).
The discoveries will undergo appraisal for commercial viability.
Minister Hardeep Singh Puri highlighted the findings as steps toward energy self-sufficiency.