 | |
| Company type | Subsidiary |
|---|---|
| Industry | Oil and Gas |
| Founded |
|
| Headquarters | Navi Mumbai, Maharashtra,India |
Key people | Mukesh Ambani |
| Products | |
| Revenue |  ₹37,753 crore (US$4.5 billion) (2024)[1] |
| ₹1,004 crore (US$120 million) (2024) | |
| Total assets | ₹6,720 crore (US$790 million) (2024) |
| Parent | Reliance Industries (51%) BP (49%) |
| Website | jiobp |
Reliance BP Mobility Limited (d/b/aJio-bp), is an Indianoil and gascompany, a joint venture betweenReliance Industries Limited (RIL) andBP. It is based inNavi Mumbai,Maharashtra,India. It is vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in thedownstream business and operates over 1700 Retail Fuel Outlets in India.[2] It also operates the largest oil refinery in the world, situated inJamnagar.
It owns/have long term chartered twooil rigs – DD KG-1 and DD KG-2 (DD standing for Dhirubhai Deepwater).[3][4][5] They are bothdrilling ships registered inMarshall Islands and owned by Deepwater Pacific Inc., a subsidiary ofTransocean.[6][7][8]
With an annual crude processing capacity of 1,240,000 barrels (197,000 m3) per stream day, RPL is the largest refinery in the world. It will have a complexity of 21.0, using theNelson Complexity Index, ranking it one of the highest in the sector. Thepolypropylene plant will have a capacity to produce 0.9 million metric tonnes per annum.[citation needed]
The refinery project is being implemented at a capital cost of₹27,000crore being funded through a mix of equity and debt. This represents a capital cost of less thanUS$10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years.[citation needed] TheInternational Energy Agency (IEA) estimates the average capital cost of new refinery in theOECD nations to be in the region ofUS$15,000 toUS$20,000 per barrel per day.[citation needed] The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery.
In 2012, reports surfaced in the media highlighting the fact that ONGC had chartered an oil rig owned by RIL in May 2009 (Dhirubhai Deepwater KG-1, also known as DDKG-1) without taking bids from any other companies.[9] This was revealed in the report published by theComptroller and Auditor General of India (CAG), the overseer of expenditures of the Indian Government. RIL also owed ONGC ₹92,000 crores, which were already overdue by two years at that time. However, as of 2018, this outstanding amount was still not paid to ONGC by RIL.[10]
