Enterprise Oil

Enterprise Oil was a major British independent exploration and production company based in Europe, with core areas of activity in Britain and Ireland, mainland Europe, Brazil and the Gulf of Mexico. The Company was once a constituent of the FTSE 100 Index but was acquired by Royal Dutch Shell. Enterprise Oil was formed in 1983 to expoit the North Sea oil production assets of the then state-owned British Gas plc: it was privatised and its shares first listed on the London Stock Exchange in February 1984. In 1994 the Company was involved in a high-profile but unsuccessful bid to acquire Lasmo. The Corrib gas field was discovered off the coast of Ireland by Enterprise Oil in 1996, and has proved especially troublesome for Shell (see Corrib...