The Cochin Port Authority (CoPA) has signed a memorandum of understanding (MoU) with Oil India Limited (OIL) to establish a support base for offshore oil exploration in the Kerala-Konkan Basin of India.
The signing ceremony took place at CoPA’s base on Willingdon Island.
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Cochin Port Authority chairperson B. Kasiviswanathan, Oil India chairman and managing director Ranjit Rath, CoPA traffic manager Vipin R. Menoth and OIL CGM (KGB & MBP) – HoD Sanjib Kumar Gogoi were present at the MoU signing.
This initiative will provide logistics support to OIL’s drilling operations and is set to commence in late 2025.
The port will host a shore base facility equipped with a warehouse, a dry bulk handling plant and an exclusive jetty to enhance operational efficiency for offshore vessels.
The project represents a collaboration between a central port and India’s second-largest national oil company, with the aim of streamlining offshore support operations.
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By GlobalDataThe facilities will include berthing, refuelling, dry bulk transfer, potable water and shore power for OIL’s vessels.
The agreement, effective from June 2025, is valid for one year with potential extensions contingent on exploration progress.
OIL also plans to use eco-friendly, low-noise bulk handling systems, adhering to port and state environmental rules.
Last year, in November, OIL joined forces with French energy giant TotalEnergies to address methane emissions within the oil and gas industry.
The cooperation agreement between the two companies focuses on detecting and measuring methane emissions at OIL’s operational sites in India.
