Market
What will be BP's role in future ONGC collaborations by end of 2025?
2
Resolution / Starting Odds
Expanded role in other fields • 25%
Continued role at Mumbai High only • 25%
No further collaborations • 25%
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Official announcements from BP or ONGC, press releases, industry analysis
Story
ONGC Appoints BP to Boost Production at Mumbai High Oil Field, Promising 60% Increase in Output
Jan 8, 2025, 08:28 AM
India's Oil and Natural Gas Corporation (ONGC) has appointed BP Plc as the technical service provider (TSP) to enhance production at the Mumbai High oil and gas field. BP's bid promises an increase of up to 60% in output compared to the baseline, according to statements from ONGC. This engagement marks a significant collaboration between the state-owned firm and BP, aimed at maximizing the potential of India's largest oil field.
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