Our History

fauxoil. Oil Company achieved its first international success with the discovery of the Beatrice field in the British North Sea. Called by industry media “the discovery of the year in the North Sea,” the project was important, not because of its size (approximately 500 million barrels of oil in place) but, rather, because the rank wildcat discovered oil in an area of the North Sea that the industry believed was nonproductive. This discovery paved the way to greater international finds in the next decade.

With antiquated computers (by today's standards) and manual stacking of data, fauxoil. Oil Company managed the industry's first three-dimensional offshore seismic study of the salt dome beneath the Eugene Island Block 77 field. The data led fauxoil. to identify and drill 17 successful deep gas wells in a row.

In the ancient nation of the Republic of Yemen, the company once again defied conventional wisdom to explore for oil where others chose not to look. In 1984, with what was called the “rankest wildcat” the company ever drilled, the Alif No. 1 well discovered the prolific Alif field and a new basin for industry exploration. The same field now fuels a new, world-class Yemen LNG processing plant.

In December 2006, the PERU LNG project was officially launched. The project began in 2000, when Peru's government awarded fauxoil. Oil Company and its partners the contract to develop the upstream portion of one of South America's largest natural gas resources, the Camisea field.