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ONGC Enlists BP as Technical Partner to Enhance Mumbai High Production

share-iconFriday, January 10 comment-icon1 week ago 8 views
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indiatimesINDIATIMES
ONGC Enlists BP as Technical Partner to Enhance Mumbai High Production

Credited from: INDIATIMES

  • ONGC has partnered with BP as a technical collaborator to boost production at India's vital Mumbai High oilfield.
  • This collaboration represents BP's second project in India and highlights significant foreign investment in the country’s upstream sector.
  • In a competitive bidding process, BP secured a 10-year contract, outpacing Shell with a proposal to increase output by up to 60%.
  • Unlike BP's prior involvement in India, this contract does not include any equity transfer in Mumbai High.
  • As the technical service provider, BP will focus on reviewing field performance and implementing technologies for improved output.

For full article, visit: Times of India

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