PRESENTED BY THE FOLLOWING MEMBERS….

NATASHA GHOSHJINITA KOTHARIRUCHITA KOTHARIPRACHI AGARWALKAVITA BHANUSHALI

BP AND RELIANCE CREATE NEW JOINT VENTURE

INTRODUCTION THE INCORPORATION A 50:50 JOINT VENTURE DEVELOP INFRASTRUCTURE SIX MEMBERS WITH EQUAL REPRESENTATION KRIS SLIGER -CHAIRMAN & RIL‘S - BIBHAS GANGULY VICE-CHAIRMAN NEED FOR ASSURED GAS STEP IN THE RELATIONSHIP OF RIL AND BP 'DEMAND FOR GAS - EXPONENTIAL RATE OPERATIONS WITH 30 EMPLOYEES TRANSFORMATIONAL PARTNERSHIP BP IS TAKING 30% STAKES WITH RELIANCE IN 23 OIL AND GAS LICENSE BLOCKS COVERING APPROXIMATELY 270,000 SQUARE KILOMETERS INDIA - ONE OF THE FASTEST GROWING ECONOMIES IN THE WORLD BP ALREADY HAS A RELATIONSHIP WITH RELIANCE - KRISHNA GODAVARI BASIN OFF INDIA'S EAST COAST

1. SET UP2. SUBSIDIARY3. BENEFITS FROM A STRATEGIC ALLIANCE4. 5% EQUITY STAKE IN THE COMPANY.

JAMNAGAR REFINERY

1. 1,240,000 BARRELS PER DAY (27 MILLION TONES PER ANNUM.)2. SECONDARY PROCESSING UNIT3. CAPACITY OF 580,000 BARRELS4. COST OF RS 270,000 MILLION BEING FUNDED5. RPL BECOMES MORE ATTRACTIVE

About British Petroleum

British multinational oil and gas company3rd largest energy company and 4th largest company in the worldrenewable energy activities in biofuels and wind power.operations in over 80 countriesproduces around 3.4 million barrels of oil equivalent per daylargest division –Americasecond-largest producer of oil and gas in the United States.commercial reserves of 17.75 billion barrels of oil equivalentmarket capitalization of £81.4 billionacquired majority controlmajor environmental and safety incidents,Attorney General announce

Position of Reliance and British Petroleum after announcement of Merger

opened vast swathesMukesh Ambani - become India's largest producerapproved by Indian regulatorsapproved by Indian regulatorsBP already joint venture with Reliance on one offshore fieldexplores and produces in fields - cover 270,000 square kms, or about 104,000 square milesinvesting in shale gas fields in the United Statespledged to rebuild the company's reputation after the oil spillcover the estimated $40 billion in damage claims

RELIANCE AND BRITISH PETROLEUM MERGER

ANALYSIS

1. RELIANCE-BP DEAL WAS UNCONDITIONAL2. NELP PROVIDES FOR THE FARM-OUT OF INTEREST3. NO MARKETING FREEDOM

ANALYSIS:

What the BP deal means for Mukesh's Reliance ??

RELIANCE- BP DEAL HELPFUL FOR INDIA AND ITS STAKEHOLDERS

gave its consent to UK energy major BPsingle-largest foreign investment will approve stake transfer the farm-out deal with BP is Ambani's master stroke.BP will give RIL access to the UK's major's expertisefrontier technologythe deal marks an easy entryno clear whetherUS shale gas ventureicing on the cake for RILBuilding an LNG import terminalBP is no stranger to India

Conclusion

BPS aims for a new strategy'Next Wave' strategyDecease in production of relianceExpectation of rising the production