New Delhi, July 29 -- 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, RIL said in a statement.

The RIL further added that the parties will pursue exploration operation in the Block pursuant to the terms of award of the Block.

Reliance Industries Limited (RIL) is India's largest private sector company, with a consolidated revenue of Rs 10,71,174 crore (USD 125.3 billion) and net profit of Rs 81,309 crore (USD 9.5...