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ONGC, RIL join hands to share resources for deepwater offshore ops on East Coast
Business Standard
|January 29, 2026
Agreement likely to enable cost optimisation and faster execution
State-owned explorer Oil and Natural Gas Corporation (ONGC) and Reliance Industries (RIL) on Wednesday signed an agreement to share resources for deepwater offshore operations on India’s East Coast, the companies said in a joint statement.
This would mainly be across the Krishna Godavari (KG) basin and Andaman offshore.
Under the agreement, called “path-breaking” by the two firms, they would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging, and well services, among others resources.
Esta historia es de la edición January 29, 2026 de Business Standard.
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