Reliance Petroleum

2021-11-22T20:21:46Z

183.83.208.218: Removed net income figure that cannot be verified. As net income of subsidiarys are not reported by ril.

{{Short description|Indian petroleum company}}
{{EngvarB|date=September 2013}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Reliance Petroleum Limited
| logo = Reliance Petroleum.png
| logo_size = 150px
| type = [[Public company|Subsidiary]]
| foundation = {{start date and age|2008}}
| location = [[Ahmedabad, Gujarat]], [[India]]
| key_people = Sudhakar Tiwari ([[CFO]])
| industry = {{plainlist|
* [[Petroleum]]
* [[Natural Gas]]}}
| products = {{hlist|[[Petroleum]]|[[Oil]]|[[Natural Gas]]}}
| revenue = {{INRConvert|5778|b}}<ref>{{cite web|url=http://www.bseindia.com/qresann/results.asp?scripcd=532743&scripname=RELIANCE%20PETROLEUM%20LTD.&type=61.5&quarter=MC2008-2009&ResType=&checkcons= |title=BSE 2008–2009 Data |publisher=bseindia.com |accessdate=15 August 2010}}</ref>
| num_employees =
| parent = [[Reliance Industries]]
| subsid =
| homepage = {{url|reliancepetroleum.com}}
| footnotes =
}}

'''Reliance Petroleum''' is an Indian [[Petroleum industry|petroleum]] [[company]] that specializes in [[oil]] and [[Energy industry|energy]], owned by Mukesh Ambani of [[Reliance Industries Limited]] (RIL), one of India's largest private sector companies. It is based in [[Ahmedabad]], [[Gujarat]], [[India]] and has interests in the [[downstream (oil industry)|downstream oil]] business. RPL was merged with [[Reliance Industries Limited]]<ref>{{Cite news|date=2009-03-03|title=RIL-RPL merger ratio at 1:16|work=Business Standard|url=https://www.business-standard.com/article/companies/ril-rpl-merger-ratio-at-1-16-109030300076_1.html|access-date=2020-05-02}}</ref> on 29 September 2009.<ref>{{Cite news|date=2009-09-15|title=RIL fixes Sept 29 as the record date for RPL merger|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-fixes-sept-29-as-the-record-date-for-rpl-merger/articleshow/5015474.cms?from=mdr|access-date=2020-05-02}}</ref>

Reliance Petroleum and RIL own / have long term chartered two [[oil rigs]] – DD KG-1 and DD KG-2 (DD standing for Dhirubhai Deepwater).<ref>{{cite web |title=Particulars and fact sheet – Dhirubhai Deepwater KG2 |url=https://www.deepwater.com/Documents/RigSpecs/Dhirubhai%20Deepwater%20KG2.pdf |website=deepwater.com |publisher=Deepwater Transocean |accessdate=31 October 2018}}</ref><ref>{{cite web |title=Dril lship – Vessel Particulars – DHIRUBHAI DEEPWATER KG1 |url=https://www.marinetraffic.com/en/ais/details/ships/shipid:712601/mmsi:538003303/imo:9393864/vessel:DHIRUBHAI_DEEPWATER_KG1 |website=marinetraffic.com |publisher=Marine traffic |accessdate=31 October 2018}}</ref><ref>{{cite web |title=Photograph – DD KG-1 |url=http://www.oilrig-photos.com/picture/number2081.asp |website=oilrig-photos.com/ |publisher=Oil rig photos |accessdate=31 October 2018}}</ref> They are both [[Drillship|drilling ships]] registered in [[Marshall Islands]] and owned by Deepwater Pacific Inc., a subsidiary of [[Transocean]].<ref>{{cite web |title=Vessel particulars – DD KG-2 |url=https://www.vesselfinder.com/vessels/DDKG2-IMO-9410088-MMSI-538003304 |website=vesselfinder.com |publisher=Vessel finder |accessdate=31 October 2018}}</ref><ref>{{cite news |title=Transocean's Drillship Sets New Deepest Water Depth Drilling Record |url=https://www.offshoreenergytoday.com/transoceans-drillship-sets-new-deepest-water-depth-drilling-record/ |accessdate=31 October 2018 |publisher=Oil & Energy Today |date=18 February 2013}}</ref><ref>{{cite web |title=Deepwater Pacific – Owners information |url=https://panjiva.com/Deepwater-Pacific-1-Inc/4555759|website=cn.panjiva.com |publisher=Panjiva / S&P Global |accessdate=31 October 2018}}</ref>

==Jamnagar Refinery==
{{main|Jamnagar Refinery}}
With an annual crude processing capacity of {{convert|1240000|oilbbl|m3}} per stream day, RPL is the largest refinery in the world. It will have a complexity of 21.0, using the [[Nelson Complexity Index]], ranking it one of the highest in the sector. The [[polypropylene]] plant will have a capacity to produce 0.9 million metric tonnes per annum.{{Citation needed|date=June 2009}}

The refinery project is being implemented at a capital cost of [[Indian rupee|Rs]] 270,000 million being funded through a mix of equity and debt. This represents a capital cost of less than US$10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years.{{Citation needed|date=June 2009}} The [[International Energy Agency]] (IEA) estimates the average capital cost of new refinery in the [[OECD]] nations to be in the region of US$15,000 to 20,000 per barrel per day.{{Citation needed|date=June 2009}} The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery.

==Controversies==
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.<ref>{{cite news |last1=Mehdudia |first1=Sujay |title=CAG pulls up ONGC for hiring rig from RIL without bids |url=https://www.thehindu.com/business/Industry/cag-pulls-up-ongc-for-hiring-rig-from-ril-without-bids/article5003648.ece#! |accessdate=31 October 2018 |work=The Hindu|date=8 August 2013}}</ref> This was revealed in the report published by the [[Comptroller and Auditor General of India]] (CAG), the overseer of expenditures of the Indian Government. RIL also owed ONGC Rs. 92,000 crores, which were already overdue by 2 years at that time. However, as of 2018, this outstanding amount was still not paid to ONGC by RIL.<ref>{{cite web |title=Auditors report |url=https://tenders.ongc.co.in/wps/wcm/reportspdf/common/auditors08.pdf |website=tenders.ongc.co.in |publisher=ONGC |accessdate=31 October 2018}}</ref>

==References==
{{reflist|colwidth=30em}}

==External links==
*{{Official website}}

{{Reliance Group}}
{{Petroleum industry}}
{{Energy companies and organizations in India}}

[[Category:Oil and gas companies of India]]
[[Category:Companies based in Ahmedabad]]
[[Category:Energy companies established in 2008]]
[[Category:Reliance Industries subsidiaries]]
[[Category:Reliance Industries]]
[[Category:Indian companies established in 2008]]
[[Category:2008 establishments in Gujarat]]

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Reliance Petroleum