ONGC Targets Major Mumbai High Oil Boost by 2026

A.K. Singh, the chairman of ONGC, has announced that a significant increase in oil production from the company’s flagship Mumbai High asset is expected by October 2026.

ONGC, India’s largest exploration and production company, has been addressing a decline in crude oil output from the field. In January 2015, the company partnered with BP Exploration (Alpha), a subsidiary of BP, to provide technical services for the project.

“Nothing happens overnight,” Singh told the media following ONGC’s annual general meeting. “Any project takes time—first, you identify the problem, design a solution, and then procure, install, and commission. This process, even for the smallest projects, takes time.”

Mumbai High, discovered in 1974 and producing oil since 1976, is located in the Mumbai offshore area and accounts for about one-third of India’s total oil output.

News by Rahul Yelligetti.