7 months ago

ONGC Seeks TSP for Western Offshore Basin

ONGC Seeks TSP for Western Offshore Basin
ONGC scouts for TSP for Western Offshore Basin, after Mumbai High · thehindubusinessline.com

ONGC, a big Indian oil company, is looking for a technical partner to help increase oil and gas production in its Western Offshore fields.

These fields are important because they produce a lot of the company's oil and gas.

ONGC has already worked with a company called BP to stabilize production in the Mumbai High field, and now they want to do the same for other fields.

They have asked big international oil companies like Shell, Exxon, and Chevron to help.

The goal is to stop the production from going down and even increase it.

ONGC is also planning to add new platforms to boost gas production.

They are also exploring new areas like the Andaman region for more oil and gas.

Key facts

Company
Oil and Natural Gas Corporation (ONGC)
Basin
Western Offshore
Current Production
60% of ONGC's total production
TSP Tender Deadline
March 16, 2026
Target Completion
June 2026 (subject to review)
Production Increase with BP
3,500-4,000 barrels of oil per day and 2-2.5 million MSCMD of gas
Key Fields
Mumbai High, Bassein & Satellite, Heera, Neelam, Panna-Mukta, Tapti
Exploration Focus
Andaman offshore region

Timeline

  1. ONGC teams with BP, boosts Mumbai High output.

  2. Now, it hunts new tech partner for Western Offshore Basin.

Quotes

O P Sinha

Director of Exploration at ONGC

“If I share the infrastructure, two, three or more companies can join hands to share the same resources and optimally and profitably use that infrastructure. In that direction, things would be moving.”
financialexpress.com
“India’s east coast will mostly be the focus area for exploration going ahead. We have Mahanadi basin, KG Basin, Andaman also we have taken up for drilling more extensively.”
financialexpress.com

Sources

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