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

让小产品的独立变现更简单 - ezindie.com
让小产品的独立变现更简单 - ezindie.com
T
The Blog of Author Tim Ferriss
博客园 - 司徒正美
freeCodeCamp Programming Tutorials: Python, JavaScript, Git & More
有赞技术团队
有赞技术团队
量子位
S
SegmentFault 最新的问题
博客园 - 聂微东
博客园 - 【当耐特】
J
Java Code Geeks
美团技术团队
Hugging Face - Blog
Hugging Face - Blog
H
Help Net Security
V
V2EX
人人都是产品经理
人人都是产品经理
博客园 - Franky
罗磊的独立博客
Engineering at Meta
Engineering at Meta
A
About on SuperTechFans
奇客Solidot–传递最新科技情报
奇客Solidot–传递最新科技情报
酷 壳 – CoolShell
酷 壳 – CoolShell
云风的 BLOG
云风的 BLOG
Y
Y Combinator Blog
Apple Machine Learning Research
Apple Machine Learning Research

Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
ONGC on-boards BP subsidiary as technical services provid...
By BL New Delhi Bureau · 2026-05-25 · via Economy News, Latest Economic News Today | 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