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Offshore Oil
Offshore Oil
During the 1970s -- in an attempt to widen its outreach -- BP began an offshore oil drilling campaign, according to Time.com. The company focused on offshore rigs in the North Sea, near the U.K., and Papua, eastern Indonesia.

At the same time, the British government sold its BP shares, and the company increased visibility in the American market.

NEXT: The New BP
Last updated June 16 2010: 10:48 AM ET
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