RIL units up JV with ONGC, BP for exploration off western coast

Reliance Industries Ltd. (RIL) has entered right into a Joint Working Settlement with Oil and Pure Fuel Company Ltd. (ONGC) and BP Exploration (Alpha) Ltd. (BP) for the exploration Block GS-OSHP-2022/2 (Block).

This Block positioned off the western coast in Saurashtra basin and was awarded to RIL, ONGC and BP as a part of Hydrocarbon Exploration and Licensing Coverage. The events will pursue exploration operation within the Block pursuant to the phrases of award of the Block, RIL mentioned in an announcement.