British energy major bp is aiming to ramp up its investments in India’s energy sector, with a focus on natural gas, renewable energy (RE), and efficiency technologies. The company will earmark capex for further development of the KG basin blocks and participate in the upcoming Open Acreage Licensing Policy (OELP) round, Kartikeya Dube, Head of Country for bp in India told FE.

“We are one of India’s largest investors in the energy space in India as a foreign company. So our idea is to continue to invest in gas specifically in the KG basin, and the Mahanadi fields. And then we’ve got one block in OALP-IX round with ONGC and Reliance,” Dube said. He added that the company plans to participate in OALP X round as well.

The company has over the years strengthened its position in the Indian oil

See Full Page