Cochin Port Authority (CoPA) and Oil India Limited (OIL) have signed a memorandum of understanding (MoU) to support the former’s offshore oil exploration in the Kerala-Konkan Basin.
As part of the agreement, Cochin port will act as a base for logistical support for OIL’s upcoming drilling operations, scheduled to commence in late 2025.
The port will develop a shore base facility, including a warehouse, dry bulk handling plant and an exclusive jetty that will support offshore vessels. The project aims to streamline offshore support operations by offering berthing, refuelling, dry bulk transfer, potable water, and shore power facilities for OIL’s vessels.
The agreement is initially valid for 12 months starting June 2025, with scope for extension based on the progress of exploration of the Kerala-Konkan offshore block.
