New Delhi: Oil and Natural Gas Corporation (ONGC), in partnership with BP Exploration (Alpha), and Reliance Industries (RIL), 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.
According to the official press release, the block, located off the western coast in the Saurashtra Basin, spans an area of about 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 Manoj Kumar, Director – Finance, BP Exploration (Alpha), and Avinash Kumar Pathak, Senior Vice-President, RIL, including Arunangshu Sarkar, Director – Strategy & Corporate Affairs, ONGC, Om Prakash Sinha, Director – Exploration, ONGC.
