UK-based global energy major BP on Wednesday won the bid to boost production from state-owned Oil and Natural Gas Corporation’s (ONGC) flagship Mumbai High field, which has been witnessing a steady decline in output.
 
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.