ONGC inks pact with BP for drilling stratigraphic wells in India
This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security, Oil and Natural Gas Corporation Limited (ONGC) said in a post on X.
'#ONGC has signed a strategic Memorandum of Understanding (MoU) with @bp_plc on 17 July 2025, to collaborate on drilling stratigraphic wells in India's Category II & III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal," the oil major said.
The MoU was signed in the presence of Union Ministry of Petroleum and Natural Gas Hardeep Singh Puri on the sidelines of Urja Varta 2025 event in the national capital.
Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, said this was one of the initiatives that 'we have been talking about sometime … called stratigraphic wells." This is the first of the series of such initiatives which will be done. ONGC has taken the leap to tie up with BP in terms of well design, well location, understanding geology etc.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
July 17, 2025, 22:00 IST
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