ONGC, RIL And BP To Explore Saurashtra Offshore Block Jointly

Oil and Natural Gas Corp. Ltd. said it has signed a joint operating agreement with BP Exploration (Alpha) Ltd. and Reliance Industries Ltd. for offshore exploration in Block GS-OSHP-2022/2 in the Saurashtra Basin.

The block, covering about 5,454 sq km, was awarded under the ninth round of the Open Acreage Licensing Policy. ONGC will act as the operator for the consortium, which will undertake exploration activities to assess and tap the hydrocarbon potential in the category-II basin block.