ONGC expects Mumbai High oil recovery to begin from January

State-run Oil and Natural Gas Corp expects recovery in its oil production from the Mumbai High field, where it partners with British oil major BP, to start from January. The company on Tuesday said that under the tie-up, ONGC is likely to see “green shoots” of improvement from January onwards with major production gains anticipated in FY29–FY30.

“Under the TSP (technical service provider) with BP, we are likely to see green shoots from January onwards. We have got some positive indications already. And under this contract,