BPRL, IOCL JV secures first full production concession in Abu Dhabi
OIL & GAS

BPRL, IOCL JV secures first full production concession in Abu Dhabi

Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in collaboration with Indian Oil Corporation (IOCL), has secured a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi.

The concession follows an earlier exploration and production award given to UBPL in March 2019, after which the exploration phase was successfully completed with an investment of approximately $164 million. The awarded area spans up to 6,162 square kilometres, giving UBPL exclusive 100% concession rights.

Exploration activities in Onshore Block 1, particularly in the 38 square kilometre Ruwais region, have shown promising results. This area holds undeveloped conventional oil and gas resources, and its development is expected to contribute to Abu Dhabi’s efforts to expand its hydrocarbon sector and support sustainable economic growth.

The production concession agreement also grants UBPL equity oil rights, enhancing India’s energy security efforts. This marks BPRL’s first full production concession in Abu Dhabi, aligning with its strategy to diversify its portfolio by adding production assets in key resource-rich regions.

This concession represents the first full production award to an international company as part of Abu Dhabi's exploration block bid rounds.

Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in collaboration with Indian Oil Corporation (IOCL), has secured a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. The concession follows an earlier exploration and production award given to UBPL in March 2019, after which the exploration phase was successfully completed with an investment of approximately $164 million. The awarded area spans up to 6,162 square kilometres, giving UBPL exclusive 100% concession rights. Exploration activities in Onshore Block 1, particularly in the 38 square kilometre Ruwais region, have shown promising results. This area holds undeveloped conventional oil and gas resources, and its development is expected to contribute to Abu Dhabi’s efforts to expand its hydrocarbon sector and support sustainable economic growth. The production concession agreement also grants UBPL equity oil rights, enhancing India’s energy security efforts. This marks BPRL’s first full production concession in Abu Dhabi, aligning with its strategy to diversify its portfolio by adding production assets in key resource-rich regions. This concession represents the first full production award to an international company as part of Abu Dhabi's exploration block bid rounds.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?