Reliance Industries has entered into a joint operating agreement with Oil and Natural Gas Corporation (ONGC) and BP Exploration (Alpha) (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 (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
