Deal insight

BP acquires 30% stake in 23 Reliance blocks, including the Dhirubhai gas field

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Report summary

On 21 February 2011 BP announced that it will pay up to US$9 billion for a 30% stake in 23 blocks including the producing D6 area and 22 other exploration blocks in India. An initial payment of US$7.2 billion dollars will be made in three parts during 2011. This will be followed up by further payments of up to US$1.8 billion depending on exploration success. The transaction marks another bold move by BP who is seeking to re build its upstream credentials post Macondo. Through the deal BP ...

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    BP acquires 30% stake in 23 Reliance blocks, including the Dhirubhai gas field

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

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  • Map

Tables

  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2

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