BP is to invest US$7.2 bln, in India’s biggest foreign direct investments in a tie-up with Reliance Industries to explore for deepwater oil and gas. BP will pay Reliance Industries US$7.2 bln and performance payments of up to US$1.8 billioln if the tie-up led to the development of commercial discoveries.
“BP is the best finder of hydrocarbons in deepwater in the world,” Mukesh Ambani, chairman and managing director of Reliance Industries, said at a press conference.
22-Feb-11 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}