The MH oil producing field is located in the Mumbai offshore area. It was discovered by ONGC in 1974 and started production in 1976. File
Oil And Natural Gas Corporation Limted (ONGC) said it has selected BP Exploration (Alpha) Limited, a wholly-owned step-down subsidiary of BP Plc, the U.K. has been selected as the Technical Service Provider (TSP) for its Mumbai High (MH) Field.
“The TSP will review the field performance & identify improvements in reservoir, facilities and wells to enhance the production from MH field,” ONGC said in a filing with exchanges.
“The TSP has indicated a substantial increase in O+OEG production (up to 60%) from baseline production levels (reputed third-party vetted production estimates with natural decline) over 10 years contract period,” it added.
The MH oil producing field is located in the Mumbai offshore area. It was discovered by ONGC in 1974 and started production in 1976.
ONGC said while its focus is on unlocking the potential of new hydrocarbon resources through green-field projects, enhancing recovery from mature fields such as MH also remains a top priority for increasing domestic production.
The company had issued an International Competitive Bidding (ICB) tender on June 2024 to engage a TSP for MH field with expertise in managing complex mature reservoirs and implementing advanced recovery technologies and best operational practices.
Issuing a statement, William Lin, EVP Gas and Low Carbon Energy, bp said “We confirm bp’s participation in the technical services provider (TSP) selection process for enhancement of Mumbai High production. We are pleased to know that bp has been selected as the TSP for the project.”
“We look forward to bringing our long experience of optimising performance and recovery from major mature fields around the world to help unlock and enhance production from Mumbai High, India’s largest oil & gas field (25% of India’s oil production),” he said.
“We look forward to working with ONGC to create value for both the country and the companies involved, and supporting India’s increasing energy needs,” he added.
Published – January 08, 2025 01:31 pm IST