State-owned ONGC appoints BP Exploration Services India as its technical service provider to enhance oil and gas production from its Western Offshore fields. Under the technical services agreement, BP’s unit is expected to support ONGC with technology and operational improvements aimed at lifting production from the offshore assets. Both outlets report the appointment as part of ONGC’s efforts to improve output through technical support rather than a direct change in ownership or operatorship. The Hindu adds that ONGC has previously signed a similar technical services agreement with another BP subsidiary last year for the Mumbai High field. Taken together, the reports indicate ONGC is extending a series of agreements with BP-linked entities for offshore production performance improvements, including the Western Offshore fields covered by the current arrangement.
ONGC appoints BP technical services arm to boost output from Western Offshore fields
State-owned ONGC appoints BP Exploration Services India as its technical service provider to enhance oil and gas production from its Western Offshore fields. Under the technical services agreement, BP...
- ONGC appoints BP Exploration Services India as a technical service provider for Western Offshore fields.
- The agreement focuses on boosting oil and gas production through technology and operational improvements.
- ONGC and BP enter into a technical services arrangement rather than a change in asset ownership.
- The Hindu reports ONGC signed a similar technical services agreement with another BP subsidiary in 2023 for the Mumbai High field.
- The agreements are aimed at improving production from offshore assets.
ONGC had inked a similar TSP agreement with another of BP’s subsidiaries last year for Mumbai High field
3 months agoONGC has appointed BP Exploration Services India as technical service provider to enhance oil and gas production from Western Offshore fields through technology and operational improvements
3 months ago
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