11 February 2025
11 February 2025
The ADNOC-BPCL deal is expected to be finalised during the India Energy Week conference.
The fields will be acquired from 3R RNCE and 3R Potiguar, subsidiaries of Brava Energia.
BP plans to sell a German refinery in support of CEO Murray Auchincloss' $2bn (£1.62bn) cost-cutting goal by 2026.
India, the fourth-largest LNG importer, aims to raise the share of gas in its energy mix to 15% by 2030, up from 6.2%.
The contract overhaul, finalised in late 2023, introduced new financial terms for the participants in the Atlantic LNG project.
BP aims to enhance oil recovery at Mumbai High through sub-surface reviews, system optimisations and better reservoir management.
The company will start recognising revenue and generating cash flow once the first LNG cargo is lifted.
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