BP and ONGC Join Forces for Hydrocarbon Exploration

In a significant move to bolster India's energy sector, BP has entered into a Memorandum of Understanding (MoU) with the Oil and Natural Gas Corporation (ONGC) to explore and unlock the potential of four untapped basins in India. This collaboration marks a pivotal step in the government's initiative to maximize the country's hydrocarbons potential.

Technological Advancements for Deeper Exploration

The partnership will leverage BP's cutting-edge technology to drill stratigraphic wells in the Andaman, Mahanadi, Saurashtra, and Bengal basins. These efforts aim to penetrate deep into layered formations, a technique that promises to reveal new energy reserves.

Government Support and Previous Collaborations

The Indian government has pledged to support the drilling costs, underscoring the project's national importance. This initiative builds on the existing service partnership between BP and ONGC, which has been instrumental in enhancing production from the Mumbai High field.