Oil and Natural Gas Corporation Limited (ONGC) has entered into a strategic partnership with BP, appointing the British energy giant as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most productive offshore oil field. While ONGC retains full ownership and operational control, BP will leverage its global expertise to help arrest the field’s production decline and drive future growth.
Under the terms of the agreement, BP will receive a fixed fee for the first two years for its deployed personnel, followed by a service fee tied to incremental oil and gas production. BP’s role will focus on optimizing oil recovery by conducting comprehensive reviews of sub-surface models, system optimizations, and enhanced reservoir management practices. A specialized technical team from BP is set to begin work by March 2025, supported by a Senior Management Team and Joint Management Team from both companies to ensure seamless project execution.
“This opportunity further underpins our commitment to exploration and the production of oil and gas in India, creating value for both companies and helping support the country’s vision for energy independence and security,” said Kartikeya Dube, Head of Country and Chairman BP India. ONGC’s Chairman and CEO, Shri Arun Kumar Singh, added, “By engaging a TSP, ONGC aims to realize the enhanced potential of the Mumbai High field by leveraging cutting-edge technologies and global best practices, securing its future contribution to India’s energy landscape.
