Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has appointed a technical services provider for enhancing production from Mumbai High (MH) Field. Earlier, ONGC issued an International Competitive Bidding (ICB) tender to engage a Technical Services Provider (TSP) for Mumbai High Field with expertise in managing complex mature reservoirs and implementing advanced recovery technologies and best operational practices. Through this ICB tender, ONGC invited international operators with proven technical expertise, financial strength, and a track record in similar projects. All the major International Oil Companies were invited to participate. Shell and BP expressed their interest and participated in the pre-bid process and finally bid was submitted by BP.

After the bid evaluation process, M/s BP Exploration (Alpha), a wholly-owned step-down subsidiary of BP Plc, UK has been selected as TSP. The TSP will review the field performance & identify improvements in reservoir, facilities and wells to enhance the production from MH field. TSP will receive a fixed fee for the first two years, followed by a Service Fee based on a percentage share of the revenue from net incremental hydrocarbon production, after recovering incremental costs. By engaging a TSP, ONGC aims to realize the enhanced potential of MH field by leveraging cutting-edge technologies and global best practices, securing its future contribution to India's energy landscape.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.