Enterprise Oil explores new financial PR options

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 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

core areas.



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

Caspian.



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

Dafter.



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.



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