Adnoc awards Indian consortium exploration rights for onshore block

Last Updated: Mar 26 2019 12:35
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Abu Dhabi National Oil Company (ADNOC) said on Monday it had signed an agreement with an Indian consortium awarding the latter the exploration rights for an onshore block.

ADNOC said in a statement, Two Indian companies - Bharat Petroleum Corp Ltd and Indian Oil Corp - will together hold a 100 per cent stake in the exploration phase for Onshore Block 1.

The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council.

In an exclusive interaction with AIR Ambassador Navdeep Suri said that the bilateral partnership between India and UAE is growing in many dimensions.