Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 6 Key Information 6 Company Overview 6 Reliance Industries Limited, Valuation and Financial Data, 2011-2015 7 Reliance Industries Limited, Share Price Performance, 2011-2015 7 Share Price Performance, 2011-2015 7 Key Valuation Metrics, 2011-2015 8 Reliance Industries Limited, Production and Reserves Trends 9 Total Oil and Gas, Reserves and Production 9 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 9 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 11 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 13 Crude Oil/Liquids Production and Reserve 14 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 14 Crude Oil Production and Reserves By Country/Region, 2011-2015 15 Crude Oil/Liquids Reserve Changes, 2011-2015 17 Natural Gas Production and Reserve 18 Natural Gas Production and Reserve Trend, 2011-2015 18 Natural Gas Production and Reserves, By Country/Region, 2011-2015 19 Natural Gas Reserve Changes, 2011-2015 21 Total Crude Oil and Natural Gas Reserves Life Index 22 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 22 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 23 Reliance Industries Limited, E&P Costs Trends 25 Allocation of the Upstream Capital Expenditure 25 Upstream Capital Expenditure, 2011-2015 25 Oil and Gas Cost Per boe, US$/boe 26 Oil and Gas Cost Per boe, US$/boe, 2011-2015 26 Reliance Industries Limited, Reserve Replacement Ratio 27 Oil and Gas Production Replacement Ratio 27 Oil and Gas Production Replacement Ratio, 2011-2015 27 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 29 Reliance Industries Limited, Results of Oil & Gas Operations Trend 33 Oil and Gas Revenue and Expenses 33 Oil and Gas Revenue and Expenses, 2011-2015 33 Oil and Gas Revenue and Expenses, Per boe 34 Oil and Gas Revenue and Expenses, By boe, 2011-2015 34 Recent Developments 35 Reliance Industries Limited - Recent Developments 35 Apr 25, 2016: Government Of India: Production Performance Of Oil & Natural Gas Sector For The Month Of March, 2016 35 Apr 22, 2016: RIL Plans To Buy More Iranian Crude Oil 37 Apr 22, 2016: Reliance Industries Reported Its Financial Performance For The Year ended 31 March, 2016 38 Apr 18, 2016: Reliance: Intimation Of Maintenance Shutdown Of One Crude Distillation Unit Of The SEZ Refinery Of The Company 48 Mar 22, 2016: Government of India: A P Shah Committee’s Tenure Extended Till 31st July, 2016 48 Mar 22, 2016: Government Of India: Production Performance Of Oil & Natural Gas Sector For The Month Of February, 2016 48 Mar 14, 2016: Government of India: Targets Of Production Of Oil/Gas 51 Feb 23, 2016: Government Of India: Production Performance Of Oil & Natural Gas Sector For The Month Of January, 2016 52 Feb 18, 2016: RIL May Resume Iranian Oil Imports From March 2016 55 Jan 20, 2016: Government Of India: Production Performance Of Oil & Natural Gas Sector For The Month Of December, 2015 55 Appendix 59 Methodology 59 Coverage 59 Secondary Research 59 Primary Research 59 Data Information Sources 60 Company Source 60 SEC/Other Regulatory Filings 60 Other Sources 60 Expert Panel Validation 60 Data Definition 60 Oil and Gas Reserves 60 Units of Measure 61 About GlobalData 61 Disclosure 61 Disclaimer 61

List of Tables Table 1: Reliance Industries Limited, Key Facts 6 Table 2: Reliance Industries Limited, Share Price Performance, 2011-2015 7 Table 3: Reliance Industries Limited, Key Valuation Metrics, 2011-2015 8 Table 4: Reliance Industries Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 10 Table 5: Reliance Industries Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 12 Table 6: Reliance Industries Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 13 Table 7: Reliance Industries Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 14 Table 8: Reliance Industries Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 16 Table 9: Reliance Industries Limited, Crude Oil Reserve Changes, mmbbl, 2011-2015 17 Table 10: Reliance Industries Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 18 Table 11: Reliance Industries Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 20 Table 12: Reliance Industries Limited, Natural Gas Reserve Changes, bcf, 2011-2015 21 Table 13: Reliance Industries Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 22 Table 14: Reliance Industries Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 24 Table 15: Reliance Industries Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 25 Table 16: Reliance Industries Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 26 Table 17: Reliance Industries Limited, Oil and Gas Production Replacement Ratio, %, 2011-2015 28 Table 18: Reliance Industries Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 32 Table 19: Reliance Industries Limited, Revenue and Expenses, US$ mil, 2011-2015 33 Table 20: Reliance Industries Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 34 List of Figures Figure 1: Reliance Industries Limited, Share Price Performance, INR/Share, 2011-2015 7 Figure 2: Reliance Industries Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 8 Figure 3: Reliance Industries Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 9 Figure 4: Reliance Industries Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 11 Figure 5: Reliance Industries Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 11 Figure 6: Reliance Industries Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 13 Figure 7: Reliance Industries Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 14 Figure 8: Reliance Industries Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 15 Figure 9: Reliance Industries Limited, Oil Production, By Country/Region, mmbbl, 2011-2015 15 Figure 10: Reliance Industries Limited, Crude Oil Reserve Changes, mmbbl, 2015 17 Figure 11: Reliance Industries Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 18 Figure 12: Reliance Industries Limited, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 19 Figure 13: Reliance Industries Limited, Gas Production, By Country/Region, bcf, 2011-2015 19 Figure 14: Reliance Industries Limited, Natural Gas Reserve Changes, bcf, 2015 21 Figure 15: Reliance Industries Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 22 Figure 16: Reliance Industries Limited, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 23 Figure 17: Reliance Industries Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 23 Figure 18: Reliance Industries Limited, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 24 Figure 19: Reliance Industries Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 26 Figure 20: Reliance Industries Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 27 Figure 21: Reliance Industries Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 29 Figure 22: Reliance Industries Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 29 Figure 23: Reliance Industries Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 30 Figure 24: Reliance Industries Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 30 Figure 25: Reliance Industries Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 31 Figure 26: Reliance Industries Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 31 Figure 27: Reliance Industries Limited, Revenue and Expenses, US$ mil, 2011-2015 33 Figure 28: Reliance Industries Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 34