Part of the 116,000 sq km Mumbai Offshore Basin in the Arabian Sea, Mumbai High is India's largest oilfield that has been operational since 1976.
"The London-incorporated BP Exploration (Alpha) Ltd, a wholly-owned step-down subsidiary of BP Plc has been chosen as a Technical Services Provider (TSP) to enhance recovery from the mature oilfield," ONGC informed the exchanges.
"The TSP has indicated a substantial increase in the oil + oil equivalent gas production (up to 60 per cent) from the baseline production levels (reputed third-party vetted production estimates with natural decline) over a 10-year contract period," ONGC said.
Esta historia es de la edición January 09, 2025 de Business Standard.
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