New Delhi, July 29 -- Oil and Natural Gas Corporation Limited (ONGC), in partnership with BP Exploration (Alpha) Ltd and Reliance Industries Limited (RIL), has formally signed a Joint Operating Agreement (JOA) for offshore exploration of Block GS-OSHP-2022/2, awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. The agreement was signed on 28 July 2025 at ONGC's Deendayal Urja Bhavan, Vasant Kunj, New Delhi.

The block, located off the western coast in the Saurashtra Basin, spans an area of approximately 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 potentia...