Oil and Natural Gas Corporation Limited (ONGC), in partnership with BP Exploration (Alpha) Ltd and Reliance Industries Limited, has formally signed a Joint Operating Agreement for offshore exploration of Block GS-OSHP-2022/2, awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX.
The block, located off the western coast in the Saurashtra Basin, spans an area of approximately 5,454 square kilometres and is classified under Category-II basins. The consortium, with ONGC designated as the Operator, is set to undertake exploratory activities aimed at assessing and harnessing the hydrocarbon potential of the region.
The signing ceremony was attended by key dignitaries, Manoj Kumar, Director (Finance), BP Exploration (Alpha) Limited; and Avinash Kumar Pathak, Senior Vice President, Reliance Industries Limited, including Arunangshu Sarkar, Director (Strategy & Corporate Affairs), ONGC; Om Prakash Sinha, Director (Exploration), ONGC; and Sanjay Baveja, Chief (Exploration- JV & BD).
