Bp (Gta Senegal) Finance Limited
Private Limited Company · Middlesex
ActiveUnited KingdomIncorporated 2019Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Company accounts
Net assets
−USD 277,948,000
Cash
—
Turnover
—
Profit / loss
−USD 40,930,000
Current assets
—
Creditors < 1 year
USD 3,206,000
Equity
−USD 277,948,000
Average employees
Not available
Balance-sheet trend
USD · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −USD 277,948,000 | −USD 237,018,000 |
| Equity | −USD 277,948,000 | −USD 237,018,000 |
| Retained earnings | −USD 277,948,000 | −USD 237,018,000 |
| Assets | ||
| Fixed assets | USD 247,491,000 | USD 192,887,000 |
| Liabilities | ||
| Creditors within one year | USD 3,206,000 | USD 36,958,000 |
| Creditors after one year | USD 522,233,000 | USD 392,947,000 |
| Net current assets | −USD 3,206,000 | −USD 36,958,000 |
| Assets less current liabilities | USD 244,285,000 | USD 155,929,000 |
| Profit & loss | ||
| Operating profit | −USD 10,031,000 | USD 45,488,000 |
| Interest payable | USD 30,899,000 | USD 24,508,000 |
| Profit before tax | −USD 40,930,000 | USD 20,980,000 |
| Profit / loss | −USD 40,930,000 | USD 20,980,000 |
| Operating costs | ||
| Audit fees | USD 33,000 | USD 37,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- BP (GTA Senegal) Finance Limited is providing carry funding to PETROSEN for their share of GTA Unit spend based on the Carry Advance Agreement relating to the Tortue/Ahmeyim Project. BP Exploration Company Limited (BPEC), a parent undertaking of BP (GTA Senegal) Finance Limited is providing back-to-back funding to support the lending to PETROSEN and therefore indirectly the funding to PETROSEN is provided from BP Exploration Company Limited (BPEC).
- What it does
- carry funding · PETROSEN · GTA Unit · Tortue/Ahmeyim Project · back-to-back funding · lending (AI keywords)
- Outlook
- The directors consider that, despite the uncertainties deriving from the current economic environment and the net current liabilities, the company is in a good position to take advantage of any opportunities which may arise in the future. It is the intention of the directors that the business of the company will continue for the foreseeable future.
- Auditor
- Deloitte LLP · senior statutory auditor Parth Sarda CA
- Audit opinion
- Clean (unmodified)
- Immediate parent
- BP Exploration Operating Company Limited · England and Wales
- Ultimate parent
- BP p.l.c. · England and Wales
- Ultimate controlling party
- BP p.l.c.
- Accounts
- FRS 101
- Approved
- 2026-08-13, signed by D Campbell
Related parties (5)
- BP Exploration Company Limited (BPEC) · parent undertaking · back-to-back funding to support lending to PETROSEN
- BP Exploration Operating Company Limited (BPEOC) · group undertaking · USD intra-group loan facility novated to BPEC · $400m (m)
- BP International Limited (BPI) · group undertaking · Intra Group Current Account Facility / Internal Financing Accounts (IFA) Agreement, including an overdraft facility
- BP Exploration Company Limited Ltd · group undertaking · Other loans balance and loan interest expense · $30.9m (m)
- PETROSEN · National Oil Company of Senegal · Carry funding for its share of GTA Unit spend under the Carry Advance Agreement
Borrowings (2)
- Other loans at fair value; carry funding to PETROSEN under the Carry Advance Agreement · from BP Exploration Company Limited (BPEC) · 247,491 (000s) · The interest rate varies from 6.5 - 13.5% · up until the termination date of 2036
- Intra Group Current Account Facility / Internal Financing Accounts (IFA) Agreement, including an overdraft facility · from BP International Limited
Share classes (1)
- 1 ordinary of $1
Principal risks (6)
- current economic environment
- net current liabilities
- loan fair valuation
- expected credit losses
- timing of loan repayments
- liquidity
Events after the year end (1)
- No post-balance-sheet events have been identified for the year ended 31 December 2025.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.