BRITOIL 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

  -23.6%

  £981,383,718 → £750,008,223

• Cash

  —

  Not reported

• Net assets

  -13.1%

  £2,769,325,708 → £2,405,840,622

• Employees

  —

  Not reported

• Operating profit

  +113.4%

  -£387,829,857 → £51,958,586

• Profit before tax

  +141%

  -£396,326,531 → £162,507,289

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.

1. BRITOIL LIMITED 2012-12-07 → present
2. BRITOIL PUBLIC LIMITED COMPANY 1982-03-04 → 2012-12-07

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. Liquidity and financing are managed within the bp group under pooled group-wide arrangements which include the company.”

Group structure

1. BRITOIL LIMITED · parent
   1. Amoco (UK) Exploration Company, LLC 100% · United States · Exploration and production of hydrocarbons
   2. Amoco UK Petroleum Limited 100% · United Kingdom · Indirect
   3. Amoco (Fiddich) Limited 100% · United Kingdom · Indirect

Significant events

• “On 2 May 2024, Britoil Limited acquired unit area and licence interests relating to the East Foinaven, Foinaven (Main), and T25/T35 fields as well as licence interests in the South West Foinaven prospect and ownership interests in the West of Shetland Pipeline System. In connection with the acquisition Britoil Limited received a reverse cash consideration of $200 million and assumed decommissioning liabilities of $232 million.”
• “In 2021 bp suspended production from the Foinaven fields, located west of Shetland, and decommissioning activity to remove the FPSO (Floating, Production, Storage and Offloading) vessel completed in 2022. Planning for the decommissioning of wells and subsea infrastructure commenced in 2024.”
• “In 2024 the company recognised AUC additions in amount of $70 million mainly due to further developments in Clair area ($46 million) and Culzean field ($2 million).”
• “The year-on-year decrease in interest receivable is mainly due to less interest received on the long-term loan settled in October 2024 from BP International Limited of $43,213,000.”

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

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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