BPCL Officials Visit Abu Dhabi's Onshore 1 Block Operated by Indian Joint Venture

Bharat Petroleum Corporation Limited (BPCL) Chairman and Managing Director G Krishnakumar, along with other top officials from BPCL and its wholly-owned subsidiary Bharat PetroResources Limited (BPRL), visited the Onshore 1 block in Abu Dhabi on April 25, 2024. The block is operated by Urja Bharat Pte Ltd, a joint venture in which BPRL holds a 50% stake, making it the only block in Abu Dhabi operated by an Indian company.

During the visit, Krishnakumar was accompanied by BPCL Director (Finance) V R K Gupta and BPRL Managing Director Barnali Tokhi. The officials reviewed the ongoing activities at the Onshore 1 block and emphasized BPCL's commitment to crude oil supply security and self-reliance. BPRL, as BPCL's exploration and production arm, plays a vital role in this endeavor.

Why this matters: The visit by BPCL's top brass to the Abu Dhabi block highlights India's efforts to secure its energy future through strategic investments in overseas oil and gas assets. As one of India's leading oil marketing companies, BPCL's focus on crude supply security is crucial for meeting the country's growing energy demand.

The Onshore 1 block, operated by Urja Bharat Pte Ltd, serves as evidence of the strengthening ties between India and the United Arab Emirates in the energy sector. "The visit emphasizes BPCL's commitment to crude supply security and self-reliance," a company spokesperson said. With BPRL actively engaged in exploration and production activities, the company aims to contribute significantly to India's energy security goals in the coming years.

Key Takeaways

• BPCL Chairman and top officials visited Onshore 1 block in Abu Dhabi on April 25, 2024.
• Onshore 1 block is operated by Urja Bharat Pte Ltd, a JV in which BPRL holds 50% stake.
• BPCL officials reviewed ongoing activities and emphasized commitment to crude oil supply security.
• Visit highlights India's efforts to secure energy future through strategic overseas investments.
• Onshore 1 block exemplifies strengthening India-UAE energy ties, contributing to India's energy security.