BP EXPLORATION LIBYA LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -13.5%

  £260,896 → £225,761

• Net assets

  -3.7%

  £187,521,118 → £180,591,313

• Employees

  0%

  1 → 1

• Operating profit

  -118.4%

  -£3,820,737 → -£8,342,678

• Profit before tax

  -75.5%

  £6,144,876 → £1,503,327

• Wages

  +43%

  £302,758 → £432,832

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment. Accordingly, the company will be able to draw on support from the bp group for the foreseeable future and these financial statements have therefore been prepared on a going concern basis.”

Significant events

• “ENA announced the end of the force majeure in August 2023.”
• “In February 2025, the NOC formally confirmed that the Exploration Period under the EPSA is extended until 31 March 2029”
• “Transfer the company's 5% license interest in Foinaven main field to Britoil Limited was completed in May 2024.”
• “On 21 December 2024, the company approved a share capital reduction by cancelling and extinguishing 1,375,000,000 ordinary shares of $1 each in the share capital of the company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.