India’s Maharatna Oil PSU ONGC has signed the first-ever Petroleum Mining Lease (PML) deed with Coal India for the Jharia Coal Bed Methane (CBM) block on 24 July 2024.
he agreement was signed in the presence of Bokaro’s Deputy Commissioner Vijaya Jadhav, IAS, and District Mining Officer Ravi Kumar Singh, this joint venture (JV) marks a significant milestone in energy collaboration.
Earlier, in January 2024, ONGC commenced oil production from the Block KG-DWN-98/2 Cluster-2 asset via a floating production, storage, and offloading (FPSO) vessel.