BP (NYSE:BP) plans to increase oil production at India's largest field by 44% and gas production by 89%, state-controlled Oil & Natural Gas Corp. said Thursday. The comments came a day after ONGC selected BP (BP) as its technical service provider to help boost production at its flagship Mumbai High field from a baseline of 45.

BP looks forward to leveraging its extensive experience in performance optimization and recovery to help increase the output from Mumbai High oil field.

BP will provide technical services to Oil and Natural Gas Corporation (ONGC) to enhance production by up to 60% at the Mumbai High oilfield.

India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.

The Oil and Natural Gas Corporation (ONGC), in partnership with the UK's BP, forecasts a $10.3 billion hike in revenue through increased oil and gas production at Mumbai High field. By leveraging BP's expertise,

ONGC had announced on Wednesday that BP had bagged the contract to operate and enhance production from the former's flagship Mumbai High field which has been witnessing a gradual fall in output for over three decades.

BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per cent increase in output over baseline, the state-owned firm said on Wednesday. State-owned Oil and Natural Gas Corporation (ONGC) had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields,

The initiative, part of ONGC’s efforts to improve recovery from mature fields, is expected to increase crude oil production by 44% from 45.47 million metric tonnes (MMT) to 65.41 MMT and gas output by 89% from 24.

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday.

Stay informed with the ONGC Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on ONGC, including: Last traded price 264.

India’s Oil and Natural Gas Corporation said on Wednesday that energy major BP Plc has won a bid to be the company’s technical service provider for boosting oil and gas production from Mumbai High field off the west coast of India.