Enterprise Oil, Britain’s largest oil exploration company and a
FTSE 100 firm, is reviewing its financial PR account, which has been
held by the Maitland Consultancy for more than ten years.
Enterprise is believed to have shortlisted two agencies, Finsbury and
Financial Dynamics, for the account.
Enterprise was founded by the Government in 1983 from the oil
exploration interests of British Gas Corporation. It floated the
following year and now extracts both oil and gas. It has around 800
staff in ten offices around the world and 32 producing fields in its
Following privatisation, Enterprise has expanded its interests to Italy
and the eastern Adriatic, Norway and Denmark and the Gulf of Mexico. It
has minor interests in the Arabian Gulf, Peru, south east Asia and the
The company’s 1997 results, announced last month, were down. Pre-tax
profits fell 28 per cent from pounds 255 million. Enterprise, like many
other oil firms, has been hit by the low price of oil.
Maitland reports to Enterprise’s corporate affairs director Ray
A spokesman for Enterprise said the company had no immediate plans for a
change and that it talks to PR agencies on a regular basis. ’We’re
always seeing people,’ he said.