Britoil

  1. Pages with broken file links
  2. Oil and gas companies of the United Kingdom
  3. BP subsidiaries
  4. Companies based in Aberdeen
  5. Companies formerly listed on the London Stock Exchange
  6. Petroleum company stubs


Britoil plc
Type Private
Industry Oil
Founded 1975
Headquarters Glasgow, Scotland, UK
Key people Sir Philip Shelbourne, (Former Chairman)
David Walker (Former CEO)

Britoil was originally a privatised British oil company operating in the North Sea. It was once a constituent of the FTSE 100 Index.

History

The Company was originally formed in 1975 as the British National Oil Corporation (BNOC), a nationalised body, under the Petroleum & Submarine Pipe-lines Act 1975.[1] Its objective was to maintain adequate oil supply levels.[2]

The business of BNOC was transferred to the new Company Britoil in August 1982.[3] Shares in the Company were then issued on the London Stock Exchange in two stages in 1982 and 1985.[4]

The Company was bought by British Petroleum in 1988.[5]

References

  1. ↑ World National Oil Company Statutes
  2. ↑ BNOC fades out
  3. ↑ Shift for British Oil
  4. ↑ British Government to Yield Its 'Golden Share' of Britoil
  5. ↑ Competition Commission Report 1988 Page 10

External links

25px This article about a natural gas or petroleum-related company is a stub. You can help Oilfield Wiki by expanding it.


...