ONGC and Reliance Sign Deepwater Resource Sharing Agreement

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Landmark E&P Collaboration

Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd have signed a deepwater resource sharing agreement for exploration and production operations in offshore areas of India’s East Coast

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Focus on Cost Efficiency & Faster Execution

Under the pact, the partners will pool key offshore assets such as rigs, vessels, marine support equipment, and related facilities

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Supported by New Regulatory Framework

The agreement is aligned with the Oilfields (Regulation and Development) Amendment Act, 2025, which enables easier infrastructure sharing among Exploration & Production (E&P) companies

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What It Means for Energy Security

This collaboration enhances operational resilience and supports India’s energy security goals by maximising resource utilisation and strengthening cooperation between public and private energy players

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ONGC and Reliance Sign Deepwater Resource Sharing Agreement

Landmark E&P CollaborationOil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd have signed a deepwater resource sharing agreement for exploration and production operations in offshore areas of India’s East Coast

Focus on Cost Efficiency & Faster ExecutionUnder the pact, the partners will pool key offshore assets such as rigs, vessels, marine support equipment, and related facilities

Supported by New Regulatory Framework The agreement is aligned with the Oilfields (Regulation and Development) Amendment Act, 2025, which enables easier infrastructure sharing among Exploration & Production (E&P) companies

What It Means for Energy SecurityThis collaboration enhances operational resilience and supports India’s energy security goals by maximising resource utilisation and strengthening cooperation between public and private energy players

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Landmark E&P Collaboration

Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd have signed a deepwater resource sharing agreement for exploration and production operations in offshore areas of India’s East Coast

Focus on Cost Efficiency & Faster Execution

Under the pact, the partners will pool key offshore assets such as rigs, vessels, marine support equipment, and related facilities

Supported by New Regulatory Framework

The agreement is aligned with the Oilfields (Regulation and Development) Amendment Act, 2025, which enables easier infrastructure sharing among Exploration & Production (E&P) companies

What It Means for Energy Security

This collaboration enhances operational resilience and supports India’s energy security goals by maximising resource utilisation and strengthening cooperation between public and private energy players