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ONGC engages BP to boost production in largest oil field
India’s top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country’s largest producing field, off India’s west coast.
BP has promised an increase of up to 60% in production of oil and gas output from the Mumbai High field, discovered in 1974, ONGC said in a stock exchange filing.
The field reached a peak production level of 471,000 barrels per day of oil in March 1985, and its output had declined to about 134,000 bpd in April 2024, according to the tender document floated last year.
India, the world’s third-biggest oil importer and consumer, wants to quickly raise its oil and gas output, which has been stagnant for years.
In June, the government said that ONGC was seeking a technical tie-up with a global oil major to boost production and BP’s board had met India’s Oil Minister Hardeep Singh Puri in September 2024.
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