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

In a first-of-its-kind appointment of a foreign oil major by a public sector player, BP has been selected by state-run national oil company ONGC to boost production at the Mumbai High offshore oilfield.

ONGC shares rallied 3% on Wednesday after BP Plc won a bid to increase production at the Mumbai High oil and gas field, leading to a significant rise in the company's market valuation.

British energy giant BP has secured a contract to serve as the technical service provider for India's Oil and Natural Gas Corporation (ONGC) at the Mumbai High oil and gas field, the nation's largest offshore asset.

In June, the state-owned ONGC had sought bids from international oil and gas players to increase production from the field.

State-run explorer ONGC has decided to rope in BP as technical partner to boost oil and gas production from Mumbai High India’s crown jewel, which will become the UK major’s second operating project in India and mark the first notable MNC entry in the country’s upstream sector following reforms initiated by the Narendra Modi government.

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.