Abu Dhabi state firm Adnoc awarded a consortium of Indian state firms Bharat Petroleum Corporation and Indian Oil Corporation (IOC) the ‘Onshore-1’ concession on 25 March. The partners will invest up to AED626mn ($170mn) in the exploration phase, which if successful will lead to a production phase in which Adnoc can take 60%. The concession is for 35 years.

Onshore-1 covers 6,162 km² around Ruwais in western Abu Dhabi, where the Indian consortium will seek to develop...