STANDARD <SRD> REFERRING BP <BP> BID TO GROUP Standard Oil Co said British Petroleum Co Plc's proposed offer of 70 dlrs a share for the 45 pct of Standard's stock not held by BP is being referred to a special committee of the company's board. This committee, which is composed of the independent, non-exective directors of the company, was formed in April 1986 for the purpose of monitoring the relationship between Standard Oil and BP. Standard said the group will consider BP's offer in due course noting the committee has retained the First Boston Corp and Cravath Swaine and Moore as advisers.