The Attempt to Influence Oil Company Purchasing
When most people in Britain today think of the Government and its relationship with the oil companies working in the North Sea, their minds immediately turn to the confrontations after 1974 between the Labour Government and the oil companies over taxation and the creation of the British National Oil Corporation. However, a significant, although less well known, development in the oilcompany—government relationship has been the attempt by both Conservatives and Labour to influence the purchasing activities of the North Sea oil companies. This attempt to control the oil companies’ purchasing activities has resulted in a significant extension of government intervention in the daily commercial operations of the oil industry through the use of an innovative administrative procedure which has come to be known as ‘auditing’.
KeywordsPetroleum Hydrocarbon Marketing Drilling Stake
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