Oil Spill Response Limited (OSRL) is a British firm specializing in managing

oil spill An oil spill is the release of a liquid petroleum hydrocarbon into the environment, especially the marine ecosystem, due to human activity, and is a form of pollution. The term is usually given to marine oil spills, where oil is released into t ...

s. The company was founded in 1985 and employs about 300 people at nine locations. Shareholders are all major oil companies such as BHP Billiton,

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and Total.

Financial and Corporate Structure

OSRL is industry-developed and co-financed by a

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-contro ...

for emergency response. Funding is provided by the annual contributions of its 44 stakeholders and 118 extraordinary members, as well as income from operations, the latter having an increasingly important role in financing, accounting for about 38.1% of the

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive rev ...

of the year 2014 from the contributions of the participating oil companies, while in 2013 still 39.1% 2,012 39.8% and 2011 about 44% were. The share of contributions to profit of 2014 was estimated at 27%. In addition to a central alerting center, the range of services offered includes training for specialists (such as underwater welders), rental and arranging of special equipment (rescue vessels, material), deployment coordination and technical advice. The main focus is on the prevention and removal of oil pollution on the high seas and in coastal waters.

Fleet

Oil Spill Response operates a fleet of aircraft as part of their resources for surveying and remediation of oil spill-related incidents. The aircraft operate under the name 2Excel Aviation.

Notes

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External links

Official website
Companies based in Southampton Co-operatives in England Oil spill remediation technologies Petroleum industry in the United Kingdom Airlines of the United Kingdom Service companies of the United Kingdom