Type Private Headquarters Glasgow, United Kingdom Parent organization BP | Industry Oil Founded 1975 | |
Key people Sir Philip Shelbourne, (former chairman)
David Walker (former CEO) | ||
Launch of britoil power psv
Britoil was originally a privatised British oil company operating in the North Sea. It was once a constituent of the FTSE 100 Index.
Contents
Launch of britoil energy psv
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. Its objective was to maintain adequate oil supply levels.
The business of BNOC was transferred to the new company, Britoil, in August 1982. Shares in the company were then issued on the London Stock Exchange in two stages in 1982 and 1985.
The company was bought by British Petroleum in 1988.
References
Britoil Wikipedia(Text) CC BY-SA