NEW DELHI: ONGC and Shell Energy India Private Limited (SEI) signed a Memorandum of Understanding (MoU) to explore potential collaboration opportunities across India’s energy sector.

The collaboration will focus on two key areas of mutual business interest:

Upstream Oil & Gas: Exploring joint participation in Deepwater and Ultra-Deepwater offshore blocks offered under Open Acreage Licensing Policy (OALP) Rounds X and XI, as well as future bid rounds, under the broader impetus of #SamudraManthan. The two companies will also explore farm-in/farm-out opportunities in ONGC’s existing OALP blocks. The MoU sets out a non-binding framework for such collaboration.

Liquefied Natural Gas Collaboration: Exploring opportunities in #LNG sourcing to support India’s transition towards a stronger gas-based economy.

By bringing together complementary capabilities and global expertise, the collaboration seeks to create new synergies across the energy value chain, supporting deeper exploration, greater energy availability and India’s long-term energy security.