BPXS Selected as Technical Services Provider for Western Offshore Fields, Aiming for Major Production Enhancement

BPXS Selected as Technical Services Provider for Western Offshore Fields, Aiming for Major Production Enhancement​

Oil & Natural Gas Corporation Limited (ONGC) is playing a crucial role in meeting India's growing energy needs, with its exploration and production (E&P) sector remaining vital amid rapid economic growth. As the National Oil Company (NOC), ONGC accounts for approximately 75% of the country's domestic crude oil and natural gas production. The Mumbai Offshore Basin stands out as ONGC's most prolific hydrocarbon-producing basin, comprising 43 blocks, 28 of which are under the nomination regime.

While ONGC continues to discover new resources through greenfield projects, maintaining high production levels from mature fields is equally important.

Earlier, ONGC engaged M/s BP Exploration Alpha Ltd. (BPXA) as a Technical Services Provider (TSP) for the Mumbai High field, which constitutes about 38% of total western offshore production (O+OEG). This initial implementation, which began in early January 2025, showed results, indicating a stabilization and moderation of the field's earlier decline trajectory. This success was attributed to focused Well, Reservoir and Facility Management (WRFM) initiatives, optimized wells, enhanced surveillance, and prioritized facility de-bottlenecking.

Building on this positive experience, ONGC has expanded its scope, opting to engage a Technical Services Provider for the entire Western Offshore region (excluding the Mumbai High field).

Following an International Competitive Bidding (ICB) Tender, which invited major international oil companies, M/s BP Exploration Services India Limited (BPXS), a wholly-owned step-down subsidiary of BP Plc, UK, was selected as the new TSP. BPXS will review the field performance and identify improvements across the reservoir, facilities, and wells to enhance production from the Western Offshore fields, excluding the Mumbai High field.

ONGC aims to leverage cutting-edge technologies and global best practices to maximize the potential of the entire Western Offshore fields (totaling 72.62 MMTOE O+OEG).

The newly engaged TSP has indicated a substantial potential increase across key production metrics over the ten-year contract period. The projected increases are detailed below:


The increased output is expected to become visible starting from FY'27, with full-scale visibility anticipated from FY'30.

The TSP's remuneration structure stipulates a fixed fee for the first two years, followed by a Service Fee determined by a percentage share of the revenue derived from net incremental hydrocarbon production, after incremental costs have been recovered.

ONGC Stock Price Movement​

Oil & Natural Gas Corporation Limited shares today slipped by 1.67% to settle at ₹285, shedding ₹4.85 in after-hours trading. The stock experienced notable investor activity, recording a volume of 12.05 million shares.