September 17, 2014 7:11 PM ET

Oil, Gas and Consumable Fuels

Company Overview of BP Exploration Operating Co. Ltd.

Company Overview

BP Exploration Operating Co. Ltd. engages in exploration and production of oil and natural gas. The company was formerly known as BP Petroleum Development Limited and changed its name to BP Exploration Operating Co. Ltd. in February 1991. BP Exploration Operating Co. Ltd. was incorporated in 1935 and is based in Wareham, United Kingdom. BP Exploration Operating Co. Ltd. operates as a subsidiary of BP plc.

Khidma Tower, 6th Floor

Khalidiyah (32nd) Street

PO Box 46600

Abu Dhabi,  

United Arab Emirates

Founded in 1935

Phone:

9712 493 5555

Fax:

9712 493 5556

Key Executives for BP Exploration Operating Co. Ltd.

Managing Director
Compensation as of Fiscal Year 2014.

BP Exploration Operating Co. Ltd. Key Developments

Rosneft and BP Exploration Operating Company Limited Sign Agreement on Development of Domanik Formations

Rosneft and BP Exploration Operating Company Limited signed a Heads of Agreement on Domanik formations. The document was signed within the framework of the St. Petersburg International Economic Forum by Rosneft President and Chairman of the Management Board Igor Sechin and BP Russia President David Campbell. The Heads of Agreement provides for implementation of a joint pilot project by Rosneft and BP relating to the Domanik formations and in the event of success, the possible development of unconventional Domanik resources in the Volga-Urals region. The joint venture company (Rosneft 51%, BP 49%) will be incorporated in Russia. BP will compensate part of the historical costs to Rosneft for exploration of the Domanik formations and will provide carry financing of up to USD 300 million for the pilot programme, which will be conducted in two phases at license blocks in the Orenburg Region.

Khalifa Fund for Enterprise Development and BP Exploration Operating Co. Ltd. Signs Partnership Agreement

Khalifa Fund for Enterprise Development and BP Exploration Operating Company Limited signed an agreement for collaboration in supporting and encouraging entrepreneurship as well as developing small and medium sized sector in the country. The aim of this agreement, signed in Khalifa Fund's headquarter by H. E. Abdulla Saeed Al Darmaki the Chief Executive Officer of Khalifa Fund for Enterprise Development and H. E. AbdulKarim AlMazmi the General Manager and Chief Representative for BP UAE is to coordinate the integrated collaboration and to exchange the experiences about the mechanism to improve the working environment for SMEs in the country. Based on the agreement, BP Exploration Company will provide Khalifa Fund with financial and technical support over three years, which will be allocated to support the Fund's activities that aimed to develop the small and medium sized projects. In addition to supporting the social initiatives and programs such as; Sougha program that is targeting the artisans of traditional handicrafts and Al Radda program which is targeting the inmates as well as Amal program which is targeting those with special needs.

Similar Private Companies By Industry

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Emirates National Oil Company Ltd (ENOC) L.L.C. Middle East/Africa
BP Exploration Operating Co. Ltd. Middle East/Africa
Netoil Inc. Middle East/Africa
Abu Dhabi Oil Refining Company Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 17, 2014
Blocks 23/26a (Area B) and 23/26b (Area B) Containing the Erskine Field In UK Central North Sea
 

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