BP Canada
| Subsidiary | |
| Industry | Oil and gas |
| Predecessor | Supertest Petroleum Corporation |
| Founded | 1953 |
| Headquarters | Calgary, Alberta, Canada |
| Parent | BP |
BP Canada Energy Group ULC (commonly, BP Canada), is a Canadian oil and gas company headquartered in Calgary, Alberta, and a subsidiary of BP plc (formerly named British Petroleum).
The present day BP Canada was created after a long history of joint ventures, mergers, spin-offs, and the amalgamation of a number of companies - which include the 1982 divestment of its downstream assets to Petro-Canada, and the 1992 demerger of its upstream division into Talisman Energy Inc.
As of 2012[update], following the divestment of its natural gas and natural gas liquids businesses, current BP operations in Canada focus on oil sands, including joint ventures with companies including Husky Energy and Devon Energy. It has activities in Alberta, the Northwest Territories, and offshore in Nova Scotia and the Canadian Beaufort Sea, and as of 2012 employed more than 450 employees.
The present day BP Canada was created over the years from merging and spinning-off of a number of companies. The predecessor companies of BP Canada include;
One major predecessor of the company traces to the Supertest Petroleum Corporation, founded in 1923 and headquartered in London, Ontario. In 1953, British Petroleum Company (BP) entered the Canadian market through the purchase of a minority stake in Calgary-based Triad Oil Company. In the early 1950s, the power struggle between oil companies and host governments in Middle East started, which hampered operations of British Petroleum in the region, and prompted it to diversify its operations beyond the heavily Middle East dependent oil production. The Canadian holding company of British Petroleum was renamed BP Canada in 1969; and in 1971, it acquired 97.8% stake of Supertest. Subsequently, Supertest was renamed to BP Canada Ltd, and other Canadian interests of British Petroleum amalgamated to the new company.
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