“The consortium of Bharat Petroleum Corporation and Indian Oil Corporation, both of whom Adnoc already partners with offshore, was selected after a very competitive bid round,” said Al Jaber.

“The open bidding process represents a major advance in how Adnoc is accelerating the exploration and development of Abu Dhabi’s substantial untapped hydrocarbon resources as we continue to maximize value, in line with the UAE leadership’s directives.”

The onshore exploration block awarded to the Indian consortium will target the conventional oil and gas opportunities in the area. However, the “Onshore Block 1” area also covers the separate “Ruwais Diyab Unconventional Gas Concession”