NewDelhi, Aug. 13 -- Oil and Natural Gas Corporation Limited (ONGC), in collaboration with Oil India Limited (OIL), has formally signed Joint Operating Agreement (JOA) for two onland Blocks and one Ultra Deepwater Block awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. The agreement was signed on 12 August 2025 at ONGC's Deendayal Urja Bhavan, Vasant Kunj, New Delhi.

These Blocks are located in Meghalaya (Assam Basin), Gujarat (Cambay Basin) and off the eastern coast in the Mahanadi Basin, measuring a total area of approximately 10,964 square kilometres. The consortium, with ONGC designated as the Operator, is set to undertake exploratory activities aimed at assessing and harnessing the hydrocarbon potential of these I...