ONGC to spend over ₹30,000 crore this year, turns to BP to squeeze more oil and gas from ageing fields

ONGC plans to spend over ₹30,000 crore this year to boost oil and gas production. The company started using BP’s technical expertise to squeeze more output from ageing offshore fields like Mumbai High. This strategy helps ONGC get more energy from existing assets while it also steps up deepwater drilling.