RIL Signs Joint Operating Agreement With ONGC And BP Exploration In Saurashtra Basin

Last Updated:July 29, 2025, 19:46 IST

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

Reliance Industries Limited has signed a joint operating agreement with Oil and Natural Gas Corporation and BP Exploration for the exploration block located off the western coast in the Saurashtra basin, which was awarded to RIL, ONGC, and BP as part of the Hydrocarbon Exploration and Licensing Policy.

The parties will pursue the exploration operation in the block under the terms of the block award. The block was awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. The agreement was signed at ONGC’s Deendayal Urja Bhavan, Vasant Kunj, New Delhi, ONGC said in a regulatory filing.

This agreement marks a significant milestone in collaborative energy exploration and reflects the consortium’s shared commitment to advancing India’s energy security and contributing to the nation’s long-term energy goals.

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.

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