June 18, 2025 05:21 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Air India cancels Delhi-Paris flight too after nixing Ahmedabad-London journey | 'Can't allow mobs to take over streets, rule of law must prevail': Supreme Court slams ban on Kamal Haasan's Thug Life | Air India flight from Ahmedabad to London cancelled over unavailability of aircraft | How could Mamata Banerjee arrange alternate space so quickly?: Suvendu Adhikari cries conspiracy in Khidirpur market fire | Mumbai-bound Air India flight from San Francisco halted in Kolkata due to technical snag | Israel-Iran conflict: 110 Indian students evacuated to Armenia, to reach Delhi tomorrow | Everyone should immediately evacuate Tehran: Donald Trump as Israel-Iran conflict prevails | Khamenei appoints Major General Amir Hatami as new Iran Army chief after Israeli strikes killed top generals | Ahmedabad plane crash: Need to do extended surveillance into Boeing 787 Series, says Civil Aviation Minister | Ahmedabad plane crash: One more body recovered from debris
Amid stagnant output, India seeks increased production with BP's global expertise in the project. (Representational image courtesy: Unsplash)

BP to boost Mumbai High oil and gas output as ONGC’s technical partner

| @indiablooms | Jan 08, 2025, at 05:34 pm

Mumbai: India's leading explorer, Oil and Natural Gas Corp (ONGC), announced on Wednesday that energy giant BP will work as its technical service provider to enhance oil and gas production from Mumbai High, the country’s largest producing field located off the west coast, Reuters reported.

BP has committed to boosting production from the Mumbai High field, discovered in 1974, by up to 60 percent, according to ONGC's stock exchange filing.

The field, which peaked at 471,000 barrels per day (bpd) of oil in March 1985, saw its output decline to approximately 134,000 bpd by April 2024, as per a tender document issued last year.

India, the world’s third-largest oil importer and consumer, is striving to rapidly increase its oil and gas production, which has remained stagnant for years.

In June, the government revealed that ONGC was pursuing a technical collaboration with a global oil major to boost production.

BP’s board subsequently met India’s Oil Minister Hardeep Singh Puri in September 2024.

Last year, Puri emphasised that the country had been encouraging foreign companies to take part in its exploration programmes.

"We look forward to bringing our long experience of optimising performance and recovery from major mature fields around the world to help unlock and enhance production from Mumbai High," BP stated.

BP also operates 1,900 fuel retail stations in India in partnership with Reliance Industries and produces oil and gas from a deepwater block in the Krishna-Godavari basin on the country’s east coast.

Additionally, the Reliance-BP alliance has partnered with ONGC to bid for exploration rights for an offshore block in India.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm