Indian Oil Corporation Ltd.'s SPV, Urja Bharat Pte Limited (UBPL), awarded a Production Concession by SCFEA, Abu Dhabi
UBPL invested nearly USD 164 million in the exploration phase
Concession agreement includes a total area of up to 6,162 square kilometers
Initial exploration efforts yielded positive results in Onshore Block 1
First full production concession award to an international company from Abu Dhabi’s exploration blocks bid rounds