New Delhi, May 25 -- State-owned Oil and Natural Gas Corporation (ONGC) has entered into a contract with BP Exploration Services India Limited (BPXS) as the Technical Services Provider (TSP) for its entire Western Offshore assets (excluding Mumbai High field) in a major move aimed at enhancing production, arresting output decline, and strengthening India's domestic energy security.

The contract has been awarded after ONGC issued an International Competitive Bidding (ICB) tender to improve output from ageing offshore fields in the Mumbai Offshore Basin, following its earlier TSP engagement in the Mumbai High field, which is the largest oil field in the basin and accounts for around 38 per cent of Western Offshore production.

The earlier ...