BP & ONGC have signed a strategic MoU to explore collaboration in oil & gas exploration, production, trading & emerging energy solutions—both in India & globally on 10 February 2025 on the eve of India Energy Week 2025.
The Memorandum of Understanding reflects a shared commitment to energy security, innovation & sustainability. Valid for 3 years, this partnership will drive India’s energy ambitions forward.
As per MoU Key Focus Areas includes Deep-water exploration & sharing global best practices Enhancing production & optimizing mature fields. Joint bidding for offshore acreage under OALP . Exploring trading & new energy vectors, incl. carbon sequestration.
