William Knox D'Arcy

William Knox D'Arcy - Burmah Oil Company Ltd. agreed to put...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Brent Mansingh Fred Thurber September 9, 2007 William Knox D’Arcy and His Relevance to the Oil Industry William Knox D’Arcy was born in 1849, found his initial calling in law and joined his father’s business. William came under control of a gold mine owning 125,000 shares in his own name and 233,000 in trust funds. In 1900, William Knox D’Arcy agreed to fund a search for oil and minerals in Persia. Negotiations began in 1901 with the Shah and with a large sum from D’Arcy, allowed a 60 year exploration covering 480,000 nautical miles. In 1904, after finding nothing, false hopes arose, and D’Arcy had to find additional funds. The
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Burmah Oil Company Ltd. agreed to put up to 100,000 into the venture in return for much of the stock. By April 1908, William DArcy nearly went bankrupt after not finding any oil. But, in May, at 1,180 feet, oil was finally struck. In 1909, the Anglo-Persian Oil Company was founded, and William Knox DArcy became director. Later, this company became British Petroleum. A pipe line was made from the drill site to a refinery at Abadan. William Knox DArcy later became the largest share holder of British Petroleum and the Gold mine. After many attempts, DArcy could not become owner because of Burmahs previous funding....
View Full Document

Page1 / 2

William Knox D'Arcy - Burmah Oil Company Ltd. agreed to put...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online