BP to expand oil and gas ops with partners RIL and ONGC

The company's CEO said it will expand existing operations and seek new projects as well

- Rituraj Baruah

Global energy giant BP Plc is eyeing an expansion of its oil and gas exploration and production (E&P) operations in India through its partnerships with Reliance Industries Ltd (RIL) and Oil and Natural Gas Corporation Ltd (ONGC), according to its top executive. The development comes in the backdrop of recent reforms initiated by the Centre to attract more investments in the key sector.

In an email interview, Murray Auchincloss, chief executive of the London-headquartered energy major, said that in line with the Centre's focus on the E&P space to achieve self-sufficiency for India, the company's participation in bidding rounds for energy resources has gained momentum, which will help it expand its presence in the country.