New Delhi.ย In a major development for India’s energy sector, Oil and Natural Gas Corporation Limited (ONGC) has signed a Joint Operating Agreement (JOA) with bp Exploration (Alpha) Ltd and Reliance Industries Limited for the GS-OSHP-2022/2 block. The agreement, signed today, marks the operational commencement of the block awarded to the consortium under the ninth bid round of the Open Acreage Licensing Policy (OALP-IX).
The signing of the JOA represents a key milestone in advancing upstream exploration and strengthening collaboration between the three energy majors. It also underscores the consortiumโs unified commitment to enhancing Indiaโs energy security and self-reliance.
The JOA signing ceremony was attended by senior leadership from all three partners. Representing Reliance Industries was Senior Vice President Avinash Kumar Pathak. bp Exploration (Alpha) Ltd was represented by Director (Finance) Manoj Kumar. ONGC was represented by Director (Strategy & Corporate Affairs).
