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  4. bp wins global ONGC tender to enhance production in largest oilfield in India

bp wins global ONGC tender to enhance production in largest oilfield in India

Underlines bp’s commitment to creating value for both companies and the country.


bp has been selected by Oil and Natural Gas Corporation (ONGC) to act as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field that lies approximately 160-kilometers into the Arabian Sea off the Mumbai coast. As the TSP, bp will conduct a comprehensive review of the field’s performance and identify improvements as well as implement suitable technological interventions and practices for improving production and recovery from this important national resource. 


 The Mumbai High field was discovered in February 1974 and started production on May 21, 1976. It accounts for almost 25% of India's production. The field is estimated to have a balance reserve of 80 million tonnes (610 million barrels) of oil and over 40 bcm of gas. 


bp will serve in an advisory role to ONGC identifying recovery technologies and practices with the aim of stabilizing production and reversing decline, returning production from this nationally important oilfield to a strong growth path.
bp brings extensive experience on management of many of the worlds giant oil fields, application to Mumbai High will include well work and system modeling optimizations, reservoir management, seismic technology, access to unconventional reservoirs through fracturing technology and IOR/EOR leading to long term production delivery by 2035.


Head of Country bp India, Kartikeya Dube said  “We are excited to partner with ONGC and look forward to bringing our international experience and technical expertise to this project. This project further underpins our commitment to exploration and production of oil and gas in India and supports its vision for energy independence and security”.  

 

Notes to Editors

About bp: bp is one of the largest international energy companies in India, with a century-long business presence and having invested over $12 billion across the energy value chain in the country. bp’s major gas value chain partnership with Reliance Industries Limited (RIL) has in recent years safely brought onstream three new deepwater natural gas projects that account for a third of India’s gas production. bp and RIL have also joined hands to create a major retail, aviation fuels and mobility alliance, Jio-bp, now with close to 1,900 retail sites across the country and around 4,900 charging points. bp’s activities in India also include Castrol lubricants, oil and gas trading, and clean energy projects through Lightsource bp. India’s highly-skilled talent pool also offers huge potential for bp, with a global business and technology centre in Pune that support bp’s businesses worldwide.

Press Contact: 

bp press office, New Delhi: mitali.sarkar@bp.com