The Cochin Port Authority and oil and gas player Oil India Limited have signed a memorandum of understanding for using the port as the new shore support base for the company’s offshore oil exploration activities.
The agreement will provide logistical support for Oil India’s upcoming offshore drilling operations, set to begin in late 2025.
The future infrastructure will comprise a warehouse, a dry bulk handling plant, and an exclusive jetty to support offshore vessels operating round-the-clock.
The project aims to streamline offshore support operations by offering berthing, refuelling, dry bulk transfer, potable water, and shore power facilities for Oil India’s vessels.
Cochin port is located near the Kerala-Konkan offshore block. It holds promising energy prospects and is being explored by Oil India.
The agreement is initially valid for 12 months starting in June 2025, with scope for extension based on the progress of exploration.
