Mukesh Ambani-led Reliance Industries is mulling over brining a new strategic foreign partner for deepwater exploration in its KG Basin D-6 block and is understood to be talking to many players for divesting up to 10 per cent stake.RIL is considering this deal as part of a long-term strategic move as the company needs a partner for the level of deepwater drilling that is required at this particular block.
The potential partners could be among the global energy giants like ExxonMobil, Shell, BP, Total and Petrobras, as these are the companies with required expertise.The talks are on with most of the big global energy exploration and production players.
Global investment banking giant Goldman Sachs is one of the key consultants for the deal and RIL is sharing necessary data with the prospective partners to reach a valuation for the deal.
Read more in The Economic Times article.
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