# ONGC inked yet another technical services-provider (TSP) agreement with British major BP Plc’s subsidiary, BP Exploration Services India, for Western Offshore fields.

*business · news · 2026-05-25 · The Hindu*

## Key points

- ONGC signed a technical services agreement with BP Exploration Services India for Western Offshore fields.
- BP's technical services are projected to increase oil production by 10.8% and gas by 31.5% over ten years.
- Full-scale production increases are expected to be visible by fiscal year 2030, with initial gains from 2027.
- BP will receive a fixed fee for two years, then a revenue-tied service fee based on incremental output.
- Previous BP-led contracts for Mumbai High have already slowed production decline and stabilized output.

**Companies:** BP Plc, Oil and Natural Gas Company
**Countries:** India, United Kingdom

[Read the full story on The Hindu](https://www.thehindu.com/business/Industry/ongc-inks-technical-services-agreement-with-bp-to-boost-production-at-western-offshore/article71021970.ece)

---

Canonical: https://newsio.io/n/eb8ae90f-b658-4b3c-928b-e930c984a048/ongc-inked-yet-another-technical-services-provider-tsp-agreement-with-british-ma
Summarized by Newsio from The Hindu. https://newsio.io/how-it-works