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flag Reliance, ONGC, and BP sign agreement to explore offshore oil block in India's Saurashtra Basin.

flag Reliance Industries, ONGC, and BP Exploration have signed a joint operating agreement to explore an offshore block in the Saurashtra Basin off India's western coast. flag The block, covering 5,454 square kilometers, is in a Category II basin where hydrocarbons have been discovered but not commercially produced. flag ONGC will lead the consortium's efforts to assess and potentially develop the hydrocarbon resources there.

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