New Delhi: Minister of Petroleum and Natural Gas Hardeep Singh Puri shared exciting news on Wednesday. Indian oil companies have found oil in an onshore hydrocarbon block located in Abu Dhabi. This discovery was made by Urja Bharat PTE Ltd (UBPL), a joint venture between Indian Oil Corporation and Bharat PetroResources Ltd.
The discovery includes light crude oil in two areas: the Shilaif play (XN 76) and the Habshan reservoir (XN 79 02S). This marks an important step for Indian Oil as it expands its reach globally. Puri noted that the find is a significant achievement in India’s effort to become energy self-sufficient under Prime Minister Narendra Modi’s leadership.
He praised the hard work and skills of the teams involved and stressed the importance of strategic international partnerships in enhancing India’s energy security.
In India, the energy sector is undergoing a transformation, with seven sedimentary basins currently being explored using advanced technologies. The ambitious Mission Anveshan is one of the largest seismic mapping programs in India. It aims to conduct seismic surveys over 20,000 kilometers, with more than 8,000 already completed.
Moreover, a vast offshore area of 1 million square kilometers is now open for exploration, as 99% of restricted areas have been cleared. The Open Acreage Licensing Programme (OALP) is attracting interest from both domestic and international players, indicating a growing appeal in India’s oil and gas sector. With 25 new blocks identified under OALP-X and 154 active exploration blocks, the country has already seen 14 new oil and gas discoveries.
This ongoing progress highlights India’s commitment to not just covering its energy needs but also becoming a key player in the global energy market.
For further information on India’s energy initiatives, you can check this report from the Ministry of Petroleum and Natural Gas.
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