So far, 44 people have been selected to be a part of RIL-BP joint venture. BP’s CEO, Bob Dudley, has handpicked executives from BP’s teams placed across the world, while some have been hired from non-BP projects. The JV will also see strong membership from Indian subcontinent, selected by Reliance Industries. Five top personnel team, headed by RIL executive director PMS Prasad and BP India’s country head Sashi Mukundan, are working out the master plan for the JV that is expected to ignite its function in next few months.

The primary target that the JV members will be to increase production from KG-D6 block, India’s most prolific gas block discovery, to 80 mmscmd mark, as lately the block has seen a steady decline in its production levels. It will look to develop satellite fields in the vicinity of the block, which can help ramp up the output substantially. Thereafter, the team will chart plans to develop a gas sourcing, distribution and marketing platform in the country. The joint venture in the long run will look to target global markets for expansion of its business. For now on, the focal point of all actions is directed towards India and creating value for India.

Also, both RIL and BP, are brainstorming over the name for their JV. They will unveil the JV’s name shortly, and it is anticipated that the name will be unique and may not have RIL-BP in it. It's expected to be an exclusive brand in itself.