July 10, 2014 5:40 AM ET

Oil, Gas and Consumable Fuels

Company Overview of BP Exploration & Production Inc.

Company Overview

BP Exploration & Production Inc. provides oil exploration and production services. The company also owns and operates oil wells. The company was incorporated in 1996 and is based in Houston, Texas. BP Exploration & Production operates as a subsidiary of BP plc.

200 Westlake Park Boulevard

Suite 1090

Houston, TX 77079

United States

Founded in 1996

Phone:

281-366-4171

Fax:

281-366-7969

Key Executives for BP Exploration & Production Inc.

Chief Operating Officer
Age: 53
Compensation as of Fiscal Year 2014.

BP Exploration & Production Inc. Key Developments

The Aviation Authority Files Lawsuits Against BP Exploration & Production Inc

The aviation authority is one of 83 plaintiffs that have filed lawsuits against BP Exploration & Production Inc. in the U.S. District Court, Middle District of Florida, Tampa Division. The aviation authority, which oversees Tampa International Airport and three general aviation airfields, has not received funds from its claim earlier this year. TAMPA The Hillsborough County Aviation Authority, which in January sought $28 million from BP for lost business revenue resulting from the April 2010 Gulf of Mexico oil spill, is suing BP in federal court for damages to be determined at trial.

The U.S. Environmental Protection Agency Temporarily Suspends Bp Exploration & Production and Bp plc from New Contracts with the Federal Government

The U.S. Environmental Protection Agency (EPA) announced that it has temporarily suspended BP Exploration & Production Inc., BP plc and named affiliated companies (BP) from new contracts with the federal government. EPA is taking this action due to BP's lack of business integrity as demonstrated by the company's conduct with regard to the Deepwater Horizon blowout, explosion, oil spill, and response, as reflected by the filing of a criminal information. On November 15, 2012, BP agreed to plead guilty to eleven counts of Misconduct or Neglect of Ship Officers, one count of Obstruction of Congress, one misdemeanor count of a violation of the Clean Water Act, and one misdemeanor count of a violation of the Migratory Bird Treaty Act, all arising from its conduct leading to the 2010 Deepwater Horizon disaster that killed 11 people and caused the largest environmental disaster in U.S. history. For the Deepwater Horizon investigation, EPA was designated as the lead agency for suspension and debarment actions. Federal executive branch agencies take these actions to ensure the integrity of Federal programs by conducting business only with responsible individuals or companies. Suspensions are a standard practice when a responsibility question is raised by action in a criminal case. The BP suspension will temporarily prevent the company and the named affiliates from getting new federal government contracts, grants or other covered transactions until the company can provide sufficient evidence to EPA demonstrating that it meets Federal business standards. The suspension does not affect existing agreements BP may have with the government.

BP America Production Company, BP Exploration & Production Inc., Plains Exploration & Production Company - M&A Call

To acquire from BP Exploration & Production Inc. and BP America Production Company all of their interests in certain deepwater Gulf of Mexico oil and gas properties for $5.55 billion

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 16, 2014
BP Exploration & Production Inc., 50% Working Interest in 17 Deepwater Exploration Leases
 

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