Page "Gulf Oil" Paragraph 13

In 1934, the Kuwait Oil Company ( KOC ) was formed as a joint venture by BP and Gulf.

Both BP and Gulf held equal shares in the venture.

KOC pioneered the exploration for oil in Kuwait during the late 1930s.

Oil was discovered at Burgan in 1938 but it was not until 1946 that the first crude oil was shipped.

Oil production started from Rawdhatain in 1955 and Minagish in 1959.

KOC started gas production in 1964.

It was the cheap oil and gas being shipped from Kuwait that formed the economic basis for Gulf ’ s diverse petroleum sector operations in Europe, the Mediterranean, Africa, and the Indian subcontinent.

These last operations were coordinated by Gulf Oil Company, Eastern Hemisphere Ltd ( GOCEH ) from their offices at 2 Portman Street in London W1.