Reliance Industries Limited (“RIL”) has entered into a Joint Operating Agreement with Oil and Natural Gas Corporation Limited (“ONGC”) and BP Exploration (Alpha) Limited (“BP”) for the exploration Block GS-OSHP-2022/2 (“Block”).This Block in located off the western coast in Saurashtra basin and was awarded to RIL, ONGC and BP as part of Hydrocarbon Exploration and Licensing Policy. Parties will pursue exploration operation in the Block pursuant to the terms of award of the Block.
Reliance Industries, Oil and Natural Gas Corporation Limited, and BP Exploration have signed a Joint Operating Agreement for Block GS-OSHP-2022/2 in the Saurashtra basin, off India's western coast.
The Block was awarded under the Hydrocarbon Exploration and Licensing Policy, and the partners will jointly pursue exploration operations as per the terms of the award.
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