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The associated task betwixt IOC and Bharat Petroleum marks a important measurement successful enhancing India’s vigor independence, pursuing palmy exploration efforts that person uncovered caller lipid resources successful the strategical Onshore Block 1
Indian Oil Corporation Ltd. (IOC) and Bharat Petroleum Corporation Ltd (BPCL) connected Wednesday (January 14, 2026) announced lipid discoveries successful an onshore artifact successful Abu Dhabi, strengthening their overseas upstream portfolio and India’s vigor information efforts.
Urja Bharat Pte. Ltd. (UBPL), a 50:50 peculiar intent conveyance of IOC and BPCL’s exploration and accumulation limb Bharat PetroResources Ltd. (BPRL), made its archetypal lipid find successful XN-76 exploration good successful aboriginal 2024, IOC said successful a statement.
It has present made different lipid find during drilling of exploratory good XN-79 02S successful the block, it said.
UBPL was awarded the Onshore Block 1 exploration concession successful March 2019.
The partners person invested astir $166 cardinal successful the exploration phase, which has present been successfully completed.
The concession spans up to 6,162 quadrate kilometres and grants UBPL 100% concession rights.
IOC said the archetypal lipid find was made successful the unconventional Shilaif play astatine the XN-76 exploratory well. Following palmy hydro-fracturing operations, the good flowed lipid astatine aboveground from the Shilaif formation, establishing the beingness of unconventional lipid resources successful the block.
The partners said appraisal activities volition absorption connected confirming the economical deliverability of the wells.
A 2nd lipid find was recorded during investigating of the XN-79 02S exploratory well, which flowed crude lipid from the Habshan reservoir, marking the archetypal lipid find successful this reservoir wrong the concession area. The find volition beryllium appraised and progressed towards imaginable development.
The companies said the discoveries correspond a important milestone for IOC and BPCL arsenic planetary operators and volition enactment efforts to heighten India’s semipermanent vigor security.
“In aboriginal 2024, UBPL made its archetypal lipid find successful the Unconventional Shilaif play successful XN-76 exploratory well. After palmy hydrofracking operations, the good flowed airy crude lipid astatine aboveground from the Shilaif formation. The palmy investigating results person established the beingness of unconventional lipid resources successful Onshore Block 1,” IOC said.
“The institution is precise affirmative with the good results and looking guardant to further establishing the economical deliverability of wells during the appraisal phase.” UBPL has besides witnessed the lipid find during investigating of the exploratory good XN79 02S successful the Onshore Block 1.
“The good flowed airy crude oil, marking it the archetypal lipid recovered successful the Habshan reservoir successful the concession area. Going guardant this find would beryllium appraised and matured for imaginable development,” IOC added.
Separately, BPCL successful a banal speech filing that its 100% subsidiary Bharat PetroResources Limited (BPRL) done a 50:50 peculiar intent conveyance — UBPL — has announced the lipid find successful operated Onshore Block 1, Abu Dhabi connected January 13.
“Such affirmative developments are precise encouraging and surely a important accomplishment for BPRL, arsenic an planetary operator,” it said. “These caller lipid discoveries volition supplement the efforts of the BPRL towards vigor information of India.” The accumulation concession statement gives UBPL the equity lipid rights and volition supplement the efforts of the institution towards vigor information of India. IOC besides the affirmative developments are “very encouraging” and “certainly a important accomplishment for some the genitor companies of UBPL, arsenic planetary operators.” “In addition, some companies done UBPL are advancing towards improvement of the existing Ruwais tract and exploring different imaginable hydrocarbon prospects wrong the concession area,” it added.
