惯性聚合 高效追踪和阅读你感兴趣的博客、新闻、科技资讯
阅读原文 在惯性聚合中打开

推荐订阅源

J
Java Code Geeks
aimingoo的专栏
aimingoo的专栏
Martin Fowler
Martin Fowler
C
Check Point Blog
G
Google Developers Blog
V
Visual Studio Blog
OSCHINA 社区最新新闻
OSCHINA 社区最新新闻
Google DeepMind News
Google DeepMind News
人人都是产品经理
人人都是产品经理
有赞技术团队
有赞技术团队
MongoDB | Blog
MongoDB | Blog
月光博客
月光博客
奇客Solidot–传递最新科技情报
奇客Solidot–传递最新科技情报
大猫的无限游戏
大猫的无限游戏
D
Docker
Hugging Face - Blog
Hugging Face - Blog
The GitHub Blog
The GitHub Blog
博客园 - 三生石上(FineUI控件)
A
About on SuperTechFans
Recent Announcements
Recent Announcements
钛媒体:引领未来商业与生活新知
钛媒体:引领未来商业与生活新知
阮一峰的网络日志
阮一峰的网络日志
Stack Overflow Blog
Stack Overflow Blog
Vercel News
Vercel News

Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
ONGC on-boards BP subsidiary as technical services provid...
By BL New Delhi Bureau · 2026-05-25 · via Business News Today: Latest Business News, Finance News
The TSP will review the field performance and identify improvements in reservoir, facilities and wells to enhance production from western Offshore fields

The TSP will review the field performance and identify improvements in reservoir, facilities and wells to enhance production from western Offshore fields | Photo Credit: Kesavan A N 1612@Chennai

State-run ONGC said on Monday that it has selected BP Exploration Services India (BPXS), a wholly-owned step-down subsidiary of BP, as the technical services provider (TSP) for the entire western offshore fields, excluding the Mumbai High (MH).

The TSP will review the field performance and identify improvements in reservoir, facilities and wells to enhance production from Western Offshore fields (excluding MH field), the country’s largest exploration and production (E&P) firm said.

“The TSP has indicated a substantial potential increase of around 10.8 per cent in crude oil (from baseline production of 46.25 million tonnes (mt) to 51.26 mt) and around 31.5 per cent increase in gas production (from 82.68 billion cubic meters (BCM) to 108.69 BCM) for the 10-year contract period,” ONGC added.

In terms of O+OEG (Oil + Oil equivalent of Gas), the increase works out to around 24.1 per cent (from 128.93 million tonnes of oil equivalent (MTOE) to 159.96 MTOE).

Fixed fee

The increase is expected to be visible from FY27 with full scale visibility expected from FY30. The 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.

“With this, ONGC aims to realise the enhanced potential of the entire western offshore fields (72.62 MMTOE O+OEG), not limited to the Mumbai High field alone by leveraging cutting-edge technologies and global best practices, securing its future contribution to India’s energy landscape,” the Maharatna company said.

Mumbai Offshore Basin is ONGC’s most prolific hydrocarbon-producing basin. The basin comprises 43 blocks, of which 28 blocks are under the nomination regime, with the balance under OALP / NELP / DSF regimes.

ONGC already has a TSP contract with BP Exploration Alpha (BPXA) for the Mumbai High field (presently around 38 per cent of total western offshore production O+OEG), which is the largest oil field of the Mumbai Offshore Basin, in early January 2025.

Preliminary production data during the initial months of TSP implementation indicate moderation of the earlier decline trajectory and stabilization of production. This has been achieved through focused well, reservoir and facility management initiatives, optimization of existing wells, enhanced surveillance, and prioritized facility de-bottlenecking.

bp confirmed that it has been selected by ONGC as Technical Service Provider for Western Offshore Fields (excluding Mumbai High). It looks forward to supporting an enhanced production from these fields.

Published on May 25, 2026