Indian onshore and offshore contracts news
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.
