Presentation of reliance deal with british petroliam
PRESENTATION OF RELIANCE DEAL WITH BRITISH PETROLEUM SUBMITTED TO:- PROF. NITIN SAXENA SUBMITTED BY:- GANESH TIWARI SURAJEET SINGH ASHUTOSH RASTOGI DEEPAK NAGAR DINESH KUMR PATEL
INTRODUCTION OF RELIANCE PETROLEUM Reliance petroleum Ltd. Was set up by RIL(Reliance Industries limited). It is one of the India’s largest private sector companies based in Mumbai RPL is subsidiary in of RIL and has interest in the downstream oil business. RPL is alliance with Chevron India ltd. Singapore, a wholly owned subsidiary of Chevron corporation(USA)
CONTD… Chevron corporation holds a 5% equity stake in the company Refining capacity of RIL is 27 million tones per annum(540000 barrel/day) at Jamnagar refining complex RPL will become sixth largest refinery in the world
INTRODUCTION OF BRITISH PETROLEUM(BP) BP is a oil and gas company headquarters in London, UK. It is third largest energy company and fourth largest company in the world measured by revenues. It is active in every area of oil and gas industry including, exploration, and production, petrochemicals and power generation
CONTD… BP has operation in over 80 countries produces around 3.8 million barrel of oil per day and has 22400 service stations worldwide It’s largest division is BP America, which is biggest producer of oil and gas in the US.
DEAL BETWEEN RIL &BP BP will buying a 30% stake in 23 oil and gas production-sharing contracts that RIL operates in India This includes oil producing KG-D6 block It is 50:50 joint venture will be formed between two companies for sourcing - Mkt. Gas in India BP will pay RIL US $ 7.2 bn for consideration, adding of performance payment of up to US $1.8 bn based on exploration success in future.
CONTD…. The deal size may increase to $ 20 bn depending upon future performance payment
ADVANTAGE OF DEAL The partnership will be focused on finding more hydrocarbons that will contribute to India’s energy security It would create a infrastructure for receiving, transporting, and marketing of natural gas in India BP being a global energy capacity we need to be a part of this growing opportunity