Standard_NNP Oil_NNP C0_NNP and_CC BP_NNP North_NNP America_NNP Inc_NNP said_VBD they_PRP plan_VBP to_TO form_VB a_DT venture_NN to_TO manage_VB the_DT money_NN market_NN borrowing_NN and_CC investment_NN activities_NNS of_IN both_DT companies_NNS ._. 
BP_NNP North_NNP America_NNP is_VBZ a_DT subsidiary_NN of_IN British_NNP Petroleum_NNP Co_NNP Plc_NNP BP_NNP ,_, which_WDT also_RB owns_VBZ a_DT 55_CD pct_NN interest_NN in_IN Standard_NNP Oil_NNP ._. 
The_DT venture_NN will_MD be_VB called_VBN BP/Standard_NNP Financial_NNP Trading_NN and_CC will_MD be_VB operated_VBN by_IN Standard_NNP Oil_NNP under_IN the_DT oversight_NN of_IN a_DT joint_JJ management_NN committee_NN ._.