bp plans India expansion with gas, green push

BRITISH ENERGY MAJOR bp is set to ramp up its investments in India’s energy sector, with a strong focus on natural gas, renewable energy(RE),and efficiency technologies.

- ARUNIMA BHARADWAJ

The company will earmark capex for further development of the KG basin blocks and participate in the upcoming Open Acreage Licensing Policy (OELP) round, said Kartikeya Dube, head of country for bp in India, told FE.

“We are one of India’s largest investors in the energy space asa foreign company. So, ouridea is to continue to invest in gas specifically in the KG basin,and the Mahanadi fields. And then we’ve got one block in OALP-IX round with ONGC and Reliance,” Dube said. He added that the company plans to participate in the OALP X round as well.