Shardul Amarchand Mangaldas advises ONGC on Joint Operating Agreement with Reliance Industries and BP Exploration
The JOA marks a major step in unlocking the hydrocarbon potential of the 5,454 sq. km Category-II offshore block, awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. Operated by ONGC with a 40% participating interest, the consortium will leverage advanced exploration technologies and deepwater expertise to accelerate India’s offshore energy development.