Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday.

ONGC expects a USD 10.3 billion revenue boost from increased oil and gas production at Mumbai High field, achieved through a partnership with BP Exploration (Alpha) Ltd.

India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.

BP has said that it will raise oil output to 477.5 million barrels, while gas production will increase to 47.22 Bcm

The initiative, part of ONGC’s efforts to improve recovery from mature fields, is expected to increase crude oil production by 44% from 45.47 million metric tonnes (MMT) to 65.41 MMT and gas output by 89% from 24.

BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per cent increase in output over baseline, the state-owned firm said on Wednesday. State-owned Oil and Natural Gas Corporation (ONGC) had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields,

BP has indicated that it could increase oil and gas production from Mumbai High by up to 60% from baseline production levels, ONGC said

ONGC has partnered with BP to increase production from the declining Mumbai High oil field by up to 60% over 10 years. This collaboration, projected by BP, led to a 3% rise in ONGC shares. The tender required bidders to demonstrate significant annual revenues and propose incremental production plans.

India’s Oil and Natural Gas Corporation said on Wednesday that energy major BP Plc has won a bid to be the company’s technical service provider for boosting oil and gas production from Mumbai High field off the west coast of India.