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BP, partners to invest up to $4 billion

Mint Kolkata

|

October 08, 2025

duction, according to data from ONGC.

According to Dube, the company would target more such production-enhancement projects along with focus on new E&P projects with the fresh investment.

“So, you have to have a two-pronged approach,” Dube said. “One is how you can get more out of what you have. The second one is developer... (involving) exploration, appraisal, development and production. So, in both of those, we are continuing to put in our efforts.”

He pointed out that the BP-Reliance JV is investing $1 billion in KG Basin for E&P activities and also carrying out production enhancement and other activities there. “We also see potential in the Mahanadi basin and so, (for) KG Basin and Mahanadi, we will be participating in OALP-X,” he said.

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