BP CEO Meg O'Neill

BP CEO Meg O'Neill says India's new oil and gas policy has all needed elements for exploration.

“we have all of those elements”

Samudra Manthan policy

India's cabinet announced Samudra Manthan policy in July with Rs 84,000 crore outlay to boost energy security.

Energy security focus

Policy aims to improve energy security amid global supply chain disruptions from economic sanctions and us-iran war.

BP's exploration plans

BP is actively looking at current exploration rounds in india with supportive fiscal and legal terms.

BP's global strategy

BP is simplifying portfolio and strengthening balance sheet amid global energy market volatility.

Strait of Hormuz concerns

BP says Strait of Hormuz blockade creates too much risk for current gulf operations.

Global trade impacts

Recent tariffs haven't moved global trade much but oil markets remain volatile.

China's oil role

China's reduced oil imports helped stabilize markets during recent disruptions.

India's exploration potential

BP sees india as having all elements for exploration with supportive government and fiscal terms.

BP's future plans

BP aims to get fit for growth while remaining independent for over 100 years.

Exploration strategy

BP will focus on profitable assets and future growth potential in india.

Market outlook

BP plans for worst scenarios while adapting to volatile global oil market conditions.