ONGC, Oil India Ink Pact for 3 Hydrocarbon Blocks

Oil and Natural Gas Corp. Ltd. has signed a joint operating agreement with Oil India Ltd. for two onland and one ultra-deepwater hydrocarbon blocks.

The companies were awarded these blocks under the ninth round of the open acreage licensing policy. Located in the Meghalaya, Gujarat, and Mahanadi basins, the blocks span about 10,964 sq km.

ONGC will operate all three blocks and lead exploration to assess and develop their hydrocarbon potential.