# BP CEO: India's oil policy has all needed elements

> BP CEO Meg O'Neill says India's new oil policy includes exploration opportunities and supportive government for foreign investment.
- Title: BP CEO: India's oil policy has all needed elements | Shortify
- Summary: BP CEO Meg O'Neill says India's new oil policy includes exploration opportunities and supportive government for foreign investment. BP CEO Meg O'Neill states…
- Keywords: india, samudra manthan, oil exploration, foreign investment, energy security, meg oneill, bp ceo, CEO, India's, oil, policy, all
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/energy/oil-gas/we-have-all-of-those-elements-in-india-says-bp-ceo-meg-oneill-as-firm-weighs-oil-and-gas-bids-under-samudra-manthan-scheme/articleshow/134841254.cms
- Author: Sanjeev Choudhary
- Published: 2026-10-10T00:00:00+00:00
- Read time: 1 min
- Topics: bp, india, samudra manthan, oil exploration, foreign investment, energy security, meg oneill, bp ceo
## 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.
## Key takeaway

BP CEO Meg O'Neill states India's Samudra Manthan policy provides all necessary elements for oil and gas exploration including fiscal terms and government support.