business / news / / Lokmat Times
ONGC has selected BP Exploration Services India Limited as Technical Services Provider.
ONGC selected BP Exploration Services India as Technical Services Provider for Western Offshore fields excluding Mumbai High.
KEY POINTS
- The BP-led TSP expects a 24% rise in overall oil and gas output over 10 years.
- Production improvement is projected to start from FY27, reaching full effect by FY30.
- The TSP contract includes a fixed fee for two years, then a revenue-linked fee based on incremental output.
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