ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field
Original Cost
₹3713 Cr
Baseline estimate
Revised Cost
₹3908 Cr
Latest approved cost
Expenditure
₹2461 Cr
Spent to date
Utilization
63.0%
Of revised budget
Cost Status
+5.3%
+₹195 Cr increase
Remaining
₹1447 Cr
Budget left
Budget Utilization
63.0%Spent
₹2461 Cr
Remaining
₹1447 Cr
Total
₹3908 Cr
Budget Split
Cost Escalation Analysis
Original Cost
₹3713 Cr
Revised Cost
₹3908 Cr
Increase
+₹195 Cr
Escalation
+5.3%
Project Timeline
Project Approved
Construction / Implementation
Original End Date
31/03/2027
Revised Completion
31/03/2027
Completed
Project Details
Financial Summary
Project Intelligence
Cost has increased by ₹195 Cr (5.3%) from the original estimate of ₹3713 Cr.
Expenditure stands at ₹2461 Cr, which is 63.0% of the revised project cost.
Remaining budget: ₹1447 Cr. Tracked under the DPIIT Investment Project Monitoring system.
Sector: Oil & Gas. Ministry: Ministry of Petroleum & Natural Gas.
ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is a centrally-funded infrastructure project under Ministry of Petroleum & Natural Gas, in the Oil & Gas sector. The original approved cost is ₹3713.00 Cr, later revised to ₹3908.00 Cr.
This project is tracked under the Investment Project Monitoring (IPM) system maintained by DPIIT. Other central projects in the same sector are listed below.
Frequently Asked Questions
- QWhat is IPM project "ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field"?
- ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is a centrally-funded infrastructure project under the Ministry of Petroleum & Natural Gas, tracked through the Investment Project Monitoring (IPM) system. Sector: Oil & Gas. State: Maharashtra. Original cost: ₹3713 Cr.
- QWhat is the cost overrun for this Bihar IPM project?
- The original cost was ₹3713 Cr and has been revised to ₹3908 Cr — a cost overrun of +5.3%. Expenditure to date: ₹2461 Cr (63.0% of revised cost). Data as of 2026-08.
- QWhich ministry is responsible for this project?
- ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 619328. Bihar is one of the states tracked under the central IPM dashboard for this project.
- QWhat is the IPM dashboard and what does it track?
- The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.