#offshorecontracts

India’s upstream energy sector is entering an exciting phase as Indian deepwater contracts gain momentum across the east and west coasts. With vast untapped reserves in the Krishna-Godavari (KG), Mahanadi, and Cauvery basins, deepwater exploration is fast becoming the cornerstone of India’s quest for energy independence.

Leading operators such as ONGC, Reliance Industries, and Vedanta are ramping up activity through drilling campaigns, subsea developments, and integrated offshore projects. New Indian deepwater contracts are being awarded for seismic surveys, rig mobilization, subsea infrastructure, and production system installations — creating major opportunities for global and domestic service providers.

The government’s reforms under the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP) have simplified bidding and enhanced investor confidence. As exploration moves into deeper waters and ultra-deep frontiers, the demand for advanced technology, deepwater rigs, and high-spec equipment continues to surge.

For EPC players, service contractors, and suppliers, timely information on Indian deepwater contracts is crucial to identify and act on upcoming tenders and investment opportunities.

That’s where Indian Petroplus provides an unmatched edge. As India’s leading energy intelligence platform, Indian Petroplus delivers verified, real-time insights on offshore exploration projects, contract awards, and tender updates. Subscribers gain exclusive access to data, analytics, and expert commentary designed to help them stay ahead of market developments.Register now at www.indianpetroplus.com to access exclusive intelligence on India’s deepwater projects, upstream contracts, and energy trends shaping the future of offshore exploration, Deepwater India, Offshore Contracts, Oil And Gas India, Deepwater Exploration, Upstream India, Offshore Licensing.

India's energy sector has seen major developments in onshore and offshore oil and gas contracts in 2025. The nation's upstream landscape is driven by ambitious bidding rounds, strategic partnerships, and a policy push for energy security and foreign investment. Key Offshore Contracts and Initiatives; ONGC-BP Collaboration: Oil and Natural Gas Corporation (ONGC) signed a major offshore contract with BP, with BP selected as Technical Services Provider for the Mumbai High field. BP's role includes introducing technological upgrades and helping stabilize offshore production, reflecting India's focus on raising output from mature offshore assets., Largest Offshore Tender: The government launched OALP Round X, the largest-ever offshore licensing effort, offering record acreage for exploration. Both international and domestic companies have shown keen interest, setting the stage for significant contract awards in early 2026., Shelf Drilling and ONGC: Shelf Drilling secured new multi-year offshore contracts with ONGC, with operations commencing in October 2025. Such contracts ensure steady drilling capacity in Indian waters. Key Onshore Contracts and Moves:- Production Sharing and Revenue Sharing Contracts: The sector has shifted towards Revenue Sharing Contracts (RSCs) for both onshore and offshore blocks, aiming for greater transparency and easier operations. As of March 2024, 55 contract areas are active under the Discovered Small Field Policy, with onshore and shallow water blocks attracting new players., Public Sector and International Partnerships: Companies like Oil India Limited and ONGC Videsh formed alliances with Petrobras for advanced onshore and offshore hydrocarbon exploration, including deep and ultra-deep resources in the Mahanadi and Andaman basins. Indian Petroplus Mention: "Indian Petroplus" represents a crucial industry information platform reporting on E&P (Exploration and Production) contracts, tenders, and real-time news about onshore and offshore projects. It covers updates on gas processing facilities, production platforms, and contracts benefiting India's growing energy market. In summary, Indian onshore and offshore contracts in 2025 are witnessing robust activity, supported by policy reforms, global partnerships, and platforms like Indian Petroplus to keep the sector informed and agile, Offshore Contracts, Onshore Contracts, Indian Exploration, Energy Sector India, Indian onshore and offshore contract news, IndianPetroplus.