ONGC Partners with BP to Enhance Output at its Largest Oil Field
OIL & GAS

ONGC Partners with BP to Enhance Output at its Largest Oil Field

India's leading explorer, Oil and Natural Gas Corporation (ONGC), announced that energy giant BP would serve as a technical service provider to enhance oil and gas production from the Mumbai High field, the country's largest producing field located off its west coast.

BP has committed to increasing oil and gas production from the Mumbai High field, discovered in 1974, by up to 60%. The field, which peaked at 471,000 barrels per day (bpd) of oil in March 1985, had seen its output decline to approximately 134,000 bpd by April 2024, as noted in a tender document issued last year.

India, the world's third-largest oil importer and consumer, has been striving to boost its stagnant oil and gas production. In June 2024, the government revealed that ONGC was exploring a technical partnership with a global oil major to achieve this goal. BP's board also met with India's Oil Minister, Hardeep Singh Puri, in September 2024 to discuss collaboration.

The country has been encouraging foreign companies to participate in its exploration programs, with Puri emphasising this push last year. BP, leveraging its expertise in optimising mature fields, will now assist in enhancing production at Mumbai High.

In a statement, BP expressed optimism about the partnership, highlighting its extensive experience in improving recovery and performance from mature fields globally as a key asset in unlocking Mumbai High's potential.

Additionally, BP, in collaboration with Reliance Industries, operates 1,900 fuel retail stations across India and produces oil and gas from a deepwater block in the Krishna-Godavari basin on the country's east coast. The Reliance-BP partnership has also joined forces with ONGC to bid for exploration rights for an offshore block in India.

India's leading explorer, Oil and Natural Gas Corporation (ONGC), announced that energy giant BP would serve as a technical service provider to enhance oil and gas production from the Mumbai High field, the country's largest producing field located off its west coast. BP has committed to increasing oil and gas production from the Mumbai High field, discovered in 1974, by up to 60%. The field, which peaked at 471,000 barrels per day (bpd) of oil in March 1985, had seen its output decline to approximately 134,000 bpd by April 2024, as noted in a tender document issued last year. India, the world's third-largest oil importer and consumer, has been striving to boost its stagnant oil and gas production. In June 2024, the government revealed that ONGC was exploring a technical partnership with a global oil major to achieve this goal. BP's board also met with India's Oil Minister, Hardeep Singh Puri, in September 2024 to discuss collaboration. The country has been encouraging foreign companies to participate in its exploration programs, with Puri emphasising this push last year. BP, leveraging its expertise in optimising mature fields, will now assist in enhancing production at Mumbai High. In a statement, BP expressed optimism about the partnership, highlighting its extensive experience in improving recovery and performance from mature fields globally as a key asset in unlocking Mumbai High's potential. Additionally, BP, in collaboration with Reliance Industries, operates 1,900 fuel retail stations across India and produces oil and gas from a deepwater block in the Krishna-Godavari basin on the country's east coast. The Reliance-BP partnership has also joined forces with ONGC to bid for exploration rights for an offshore block in India.

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Next Story
Infrastructure Urban

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..

Next Story
Infrastructure Urban

Biocon Foundation Builds New School for 250 Students

Biocon Foundation, the Corporate Social Responsibility (CSR) arm of Biocon Group, has initiated the construction of a new building for the Government High School in Kodamballi, Channapatna Taluk, Karnataka. The school currently serves more than 250 children from 23 surrounding villages.The groundbreaking ceremony was conducted by Dr C N Manjunath, Honourable Member of Parliament, Bengaluru Rural Constituency; CP Yogeshwara, MLA, Channapatna Constituency; and Yeshwanth V Gurukar, IAS, Deputy Commissioner and District Magistrate, Bengaluru South. They were joined by Dr Anupama Shetty, Mission Di..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?