This is in reference to a news article titled “ONGC Cancels Mumbai High Tender, Uncertainty Looms over bp Partnership” published by News IP on 8 May 2025. The article claims: “A major development has rocked the oil and gas sector. Reports suggest that ONGC has cancelled its much-talked-about Mumbai High tender.”
ONGC categorically denies the speculative and misleading nature of this report, which may lead to misinterpretation regarding the status of ONGC’s strategic partnership with bp.
It is hereby clarified that the contract between ONGC and bp, wherein bp is the Technical Services Provider (TSP) for the Mumbai High field, remains valid and fully operational.
About ONGC
ONGC, India’s largest government-owned oil and gas explorer, plays a crucial role in the country’s energy security, accounting for approximately 70% of India’s crude oil and 84% of natural gas production. Headquartered in New Delhi, ONGC is a Maharatna PSU under the Ministry of Petroleum and Natural Gas.
The new contract also highlights the Indian government’s continued emphasis on enhancing domestic oil and gas production and the key role private drilling contractors play in executing complex offshore operations.
