British energy giant BP plans to significantly increase its investments in India’s energy sector, concentrating on natural gas, renewable energy, and efficiency technologies.

BP will allocate capital expenditure towards developing the KG basin blocks and actively participate in upcoming open acreage licensing policy (OALP) rounds, including OALP X. The company has strengthened partnerships with Reliance Industries and ONGC, advising on stratigraphic wells in various deepwater blocks and collaborating on offshore acreage bids. Through its joint venture jio-bp with Reliance, BP aims to expand compressed biogas infrastructure and add 4,000 auto fuel retail stations in four years, doubling its current network.

BP’s renewable strategy includes entering India’s solar market via its subsidiary Lightsource bp, one of the world’s largest solar firms, and advancing biogas technology through Archaea Energy. The company’s strategic focus reflects a long-term commitment to India’s energy transition, spanning upstream gas development, downstream retail expansion, and renewable energy projects.