Fundz
Free weekly newsletter

Get the free weekly contract digest

The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New new contracts, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Contract Trends

See who's moving and how much in your market

No credit card required Weekly contract digest

ONGC partners with BP to enhance production at Mumbai High field

Jan 10, 2025over 1 year ago

Contract Type

partnership

MumbaiEnergyOil And Gas

Description

Shares of ONGC surged after the announcement of their partnership with UK-based BP to increase crude oil and gas output significantly from the Mumbai High field. The partnership is expected to lead to a 44% jump in crude oil production and an 89% boost in gas output, generating additional revenue of up to $10.3 billion over the contract period, with visible gains starting from FY26 and scaling up by FY28.

Company Information

Company

ONGC

Location

Mumbai, Maharashtra, India

About

ONGC is one of India’s largest oil and gas companies, with a focus on exploration, production, and marketing of oil and gas.

Predictive Intelligence
Strategic

ML-powered predictions for ONGC's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.