Extended monsoon delays could derail ONGC’s KG-98/2 bid and test BP partnership promise

Published on 24 April 2026

A storm window changed timelines for a costly deepwater bet

Bombay High is fading fast, and ONGC’s turnaround hinges on the KG-98/2 deepwater project. But an extended monsoon disrupted operations, raising the risk that the company’s multibillion-dollar plan—made even more urgent by falling profits and rising costs—could face further delays despite the BP partnership. The stakes are survival-level for ONGC’s next phase.

Bombay High output and profits are sliding as costs rise
ONGC’s KG-98/2 deepwater project is critical to its survival plan
An extended monsoon disrupted timelines and operations
BP’s involvement heightens pressure on delivery and returns

#bp #bay of bengal #monsoon #deepwater oil #ongc

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Extended monsoon delays could derail ONGC’s KG-98/2 bid and test BP partnership promise

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