Archive · 29 Jul 2025
ONGC, BP, and Reliance Partner for Offshore Exploration
ONGC, BP, and Reliance have teamed up to look for oil and gas in the sea near India.
They signed an agreement to work together in an area called Block GS-OSHP-2022/2, located in the Saurashtra Basin.
ONGC will be in charge of the exploration.
This partnership aims to boost India's energy supply.
Additionally, ONGC is investing more in its Mozambique project, which involves a large natural gas project, approving payments for the same.
ONGC, BP, and Reliance signed a Joint Operating Agreement for offshore exploration.
The agreement covers Block GS-OSHP-2022/2 in the Saurashtra Basin.
ONGC will be the operator for exploratory activities.
The block is approximately 5,454 square km off the western coast.
ONGC approved a true-up amount of up to ₹5,082 crore for Mozambique LNG project.
- Who
- ONGC, BP Exploration (Alpha) Ltd, and Reliance Industries Limited.
- What
- ONGC, BP, and Reliance entered a joint operating agreement for offshore exploration.
- When
- July 28, 2025
- Where
- Off the western coast in the Saurashtra Basin.
- Why
- To assess and harness the hydrocarbon potential of the region and strengthen India's energy security.
- Agreement Parties
- ONGC, BP, Reliance
- Block Name
- GS-OSHP-2022/2
- Basin
- Saurashtra Basin
- Area
- Approximately 5,454 sq km
- Operator
- ONGC
- True-up Amount Approved
- Up to ₹5,082 crore
