BCN Competición was bought by the Portuguese former F1 (and current WTCC) driver Tiago Monteiro and José Guedes in November 2008, in a move that relocated the team to the Algarve circuit, being renamed Ocean Racing Technology.1 The change to ORT meant a full transformation the team kept only the frames, discarding all the rest, and hiring new staff.
In the 2009 season, drivers were Álvaro Parente and Karun Chandhok. Parente won the first race for the team at the 2009 Belgian Feature Race, in a round where he also got pole position and fastest lap and was 8th in the final Championship standings. Ocean finished the Teams' Championship in 9th, but only two points behind 5th-place finisher iSport International.
For 2010, Ocean recruited Max Chilton and Fabio Leimer, with Leimer taking the team's second win, but the team slipped back to twelfth overall in the standings.
The following year, Ocean hired Kevin Mirocha (who was later replaced by Brendon Hartley) and Johnny Cecotto Jr.: Hartley scored the team's only points with a fifth-place finish at Spa-Francorchamps, this poor showing again resulting in a twelfth-place teams' championship result.
For the 2012 season, Ocean signed Nigel Melker, and Jon Lancaster, the latter of whom was swiftly dropped when he ran out of money. He was replaced by Hartley for two rounds of the championship, before Victor Guerin took the seat for the remainder of the season. Melker scored 25 points under the revised system, raising Ocean's performance to eleventh overall following the Coloni team's exclusion from the championship.
At the end of 2012, its owner Tiago Monteiro reported that the Government of Portugal owed the project around €6 million and that without that money they would not be able to continue in the competition. On January 16, 2013, Hilmer Motorsport was announced as a replacement of the team in the GP2 Series.2
Yelmer Buurman3 and Fabrizio Crestani drove for the team in the 2008-09 GP2 Asia Series season, replacing BCN drivers Yoshimoto and Luca Filippi who competed in the first round of the championship.4
In 2012 they entered the GP3 Series shortly before the start of the season, replacing Tech 1 Racing, they finished seventh in the championship with 56 points thanks to the results of Kevin Ceccon.
(key) (Races in bold indicate pole position) (Races in italics indicate fastest lap)
† These drivers raced for more than one team during the season. Their final position includes results for all teams.
"Tiago Monteiro confirms the acquisition of GP2 team". tiagomonteiro.com. 2008-11-27. Retrieved 2008-11-27. https://tiagomonteiro.com/default.aspx?go=32&c=196 ↩
Beer, Matt (2013-01-16). "Hilmer Motorsport replaces Ocean in GP2". autosport.com. Haymarket Publications. Retrieved 2013-01-16. http://www.autosport.com/news/report.php/id/105140 ↩
"Buurman fills Monteiro's first seat". autosport.com. 2008-11-29. Retrieved 2008-11-29. http://www.autosport.com/news/report.php/id/72281 ↩
"Ocean sign Crestani as second driver". autosport.com. 2008-12-02. Retrieved 2008-12-02. http://www.autosport.com/news/report.php/id/72299 ↩