Poging GOUD - Vrij
ONGC chooses BP to boost Mumbai High's production
Mint Chennai
|January 09, 2025
The field currently produces around 1,32,265 barrels of oil and around 13 billion cubic metres of gas per day
K's BP Plc won a bid for ONGC's giant Mumbai High oil and gas field, offering to raise crude oil production by 44% and natural gas by a staggering 89% over a 10-year period, potentially changing the fortunes of the vintage field.
Oil and Natural Gas Corporation (ONGC) in a stock exchange filing said it has selected BP Exploration (Alpha) Ltd, a wholly-owned step-down subsidiary of BP Plc, as the technical service provider (TSP) for raising production in the field.
ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields, offering a share of revenue from incremental production plus a fixed fee but not any equity stake.
BP and Royal Dutch Shell put in an Expression of Interest (EoI) at the close of the tender in September.
Shell, however, did not put in the final price bid, which was to detail the incremental production and the revenue share sought from it. BP was the only firm that put in the bid.
Dit verhaal komt uit de January 09, 2025-editie van Mint Chennai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Chennai
Mint Chennai
Cheaper gas would help India reduce emissions
India’s economy must find an optimal path to its net-zero goal. An expected decline in global prices would make gas affordable enough to enlarge its role in carbon reduction
2 mins
October 09, 2025
Mint Chennai
SBI eyes deal finance on home turf as Indian banks may get an entry
Having financed India Inc.’s overseas buyouts for long, State Bank of India (SBI) sees itself ready to underwrite mergers and acquisitions (M&As) at home, as the Reserve Bank of India (RBI) considers opening that door for domestic lenders.
2 mins
October 09, 2025

Mint Chennai
India pulls several anti-dumping levies on China, others
New Delhi has quietly allowed the expiry of anti-dumping duties on a range of goods from several countries including China, signalling a recalibration in its approach to trade protection.
1 min
October 09, 2025
Mint Chennai
Sebi preps plan for quantum threat
The Securities and Exchange Board of India (Sebi) is bracing India’s markets for a future where ultra-powerful quantum computers could crack today’s passwords in seconds—a threat its chief likened to the Y2K scare of the 1990s.
1 min
October 09, 2025

Mint Chennai
Inside Zoho’s big bet on swadeshi consumer tech
lic sector undertakings could use any Zoho product that was approved by NIC.
1 mins
October 09, 2025

Mint Chennai
Road builders sweat as tenders dry up
improvement in awards this year will likely start reflecting in the second half of FY27 or in FY28.
2 mins
October 09, 2025

Mint Chennai
Advertisers push Big Tech to adopt standards for transparency in ad sales
use and how, according to Hovaness.
2 mins
October 09, 2025
Mint Chennai
PM backs Make in India for chips, mobiles, electronics
Prime Minister Narendra Modi on Wednesday renewed his pitch for Make in India across sectors, from mobiles to semiconductors and electronics, saying the government is accelerating the pace of reforms, offering the best investment opportunities.
2 mins
October 09, 2025
Mint Chennai
Lord's Mark secures US FDA registration, boosting Indian healthcare manufacturing
Lord's Mark Industries Limited has received US FDA registration for its range of surgical consumables, orthopaedic supports, and hygiene products, marking a major milestone in its global expansion and reinforcing India's position in the international healthcare supply chain.
2 mins
October 09, 2025
Mint Chennai
Anthropic to open India office in 2026
Anthropic, the artificial intelligence (AI) startup backed by Alphabet's Google and Amazon.com, said on Tuesday it will open its first office in India next year, aiming to tap into the country's growing appetite for AI tools.
1 min
October 09, 2025
Listen
Translate
Change font size