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

The GitHub Blog
The GitHub Blog
奇客Solidot–传递最新科技情报
奇客Solidot–传递最新科技情报
Microsoft Security Blog
Microsoft Security Blog
J
Java Code Geeks
S
SegmentFault 最新的问题
Apple Machine Learning Research
Apple Machine Learning Research
N
Netflix TechBlog - Medium
OSCHINA 社区最新新闻
OSCHINA 社区最新新闻
博客园_首页
宝玉的分享
宝玉的分享
Google DeepMind News
Google DeepMind News
B
Blog RSS Feed
Hugging Face - Blog
Hugging Face - Blog
量子位
Blog — PlanetScale
Blog — PlanetScale
freeCodeCamp Programming Tutorials: Python, JavaScript, Git & More
阮一峰的网络日志
阮一峰的网络日志
D
Docker
罗磊的独立博客
Cyber Security Advisories - MS-ISAC
Cyber Security Advisories - MS-ISAC
云风的 BLOG
云风的 BLOG
IT之家
IT之家
MyScale Blog
MyScale Blog
Microsoft Azure Blog
Microsoft Azure Blog

Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
ONGC on-boards BP subsidiary as technical services provid...
By BL New Delhi Bureau · 2026-05-25 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
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