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bp Chief Meets Modi and Puri, Signals India Investment Plans

bp Chief Meets Modi and Puri, Signals India Investment Plans
bp chief meets PM, Oil Minister; to bid in OALP rounds · thehindubusinessline.com

bp leader Meg O’Neill met India’s Prime Minister and Oil Minister.

They talked about bp’s work and possible investments in India.

bp plans to take part in upcoming oil and gas exploration rounds.

O’Neill also spoke about bp’s partnership with Reliance Industries on India’s east coast.

She said those assets contribute a third of India’s natural gas.

bp is also working with the state-owned company ONGC to improve production from offshore fields.

Oil Minister Hardeep Singh Puri said bp is taking part in OALP Round 10.

Puri also said bp and ONGC exchanged a document setting out a framework for cooperation.

Key facts

Company
bp
CEO
Meg O’Neill
Indian officials
Prime Minister Narendra Modi and Oil Minister Hardeep Singh Puri
Exploration policy
Open Acreage Licensing Policy (OALP)
OALP round
Puri said bp is participating in Round 10.
Partnerships mentioned
Reliance Industries on east-coast assets; ONGC on offshore production and strategic cooperation.
Natural gas contribution
O’Neill said bp’s east-coast assets with Reliance Industries contribute a third of India’s natural gas.

Quotes

Meg O’Neill

CEO of bp

“It was an absolute honour to meet Prime Minister Narendra Modi today. We had the pleasure of updating him on bp’s exciting progress in India’s energy sector, including our oil and gas assets on the east coast with @RIL_Updates, which contributes a third of India’s natural gas.”
thehindubusinessline.com
“The Prime Minister’s support for bp as a key energy partner is truly cherished. bp remains wholeheartedly committed to India with upcoming investments and participation in OALP rounds, aligning with his inspiring vision of Viksit Bharat. Go India!”
thehindubusinessline.com

Hardeep Singh Puri

India’s Oil Minister

“Also witnessed the exchange of Framework for Strategic Cooperation Document between bp and India’s energy Maharatna @ONGC.”
thehindubusinessline.com

Sources

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