The BCN Competición project originated at the 2002 San Marino Grand Prix, when Scalabroni and Pintanel — who had known each other since 1993 — first conceived of forming a junior team. At the time, Scalabroni was engaged in an effort to transform Asiatech into a Formula One constructor, and the junior outfit was envisioned as a feeder programme for that project. When the Asiatech plan collapsed, the Barcelona-based team continued as an independent operation.
The team debuted in Formula Nissan in 2002 with Andrea Belicchi and Carlos Martin, before graduating to International Formula 3000 for the 2003 season.
BCN's first Formula 3000 campaign in 2003 was characterised by financial instability and a revolving roster of paying drivers — Will Langhorne, Alessandro Piccolo, Ferdinando Monfardini, and Rob Nguyen among them — earning the team a reputation as a rent-a-drive outfit.
The 2004 season marked a significant improvement. With a stable pairing of veteran Enrico Toccacelo and Argentine newcomer Esteban Guerrieri, the team accumulated 84 points — 56 from Toccacelo, 28 from Guerrieri — and finished second in the Teams' Championship, behind Arden International. The consistency of that lineup transformed BCN into a genuine midfield contender.
BCN Competición entered the newly launched GP2 Series in 2005, initially considered a threat alongside established names like Super Nova Racing and Arden. The team signed Venezuelan talent Ernesto Viso and Japanese driver Hiroki Yoshimoto, but the season proved a major disappointment. BCN finished ninth in the Teams' Championship with 35 points, unable to trouble the front-running squads from ART Grand Prix and Arden.
In 2006, Yoshimoto was retained while Timo Glock joined as his partner, bringing DHL as a sponsor. Glock proved uncomfortable with the team and departed mid-season for iSport International; Luca Filippi filled the vacancy for the remainder of the campaign. BCN again ended ninth with 22 points.
For 2007, the team recruited a pair of young Asian talents: Super Aguri Formula One test driver Sakon Yamamoto and 2006 German Formula Three Cup champion Ho-Pin Tung. When Yamamoto was promoted to a Formula One race seat, Finnish driver Markus Niemelä replaced him. The team scored only four points all year.
The 2008 season brought continued financial trouble and yet another procession of drivers through the garage. The season's sole highlight was a fourth-place finish for Adrián Vallés at Monaco, the team's only points-scoring run of the year.
BCN competed in the inaugural 2008 GP2 Asia Series season with Miloš Pavlović and Jason Tahincioğlu, finishing twelfth in the team standings with six points. In the 2008–09 Asia Series, Hiroki Yoshimoto and Luca Filippi drove for the team, competing through the opening round in Shanghai before the ownership change took effect.
In the 2005–06 season BCN managed the A1 Team South Africa car in the A1 Grand Prix series, though DAMS assumed control of that entry for the following campaign.
At the end of November 2008, Tiago Monteiro and José Guedes acquired BCN Competición's assets, relocating the operation to Portugal and rebranding it as Ocean Racing Technology. BCN's record in GP2 — two podiums and zero wins across four full seasons — reflects a team perpetually hampered by financial constraints and heavy driver rotation, though its 2004 Formula 3000 campaign remains a demonstration of what was possible when stability and backing aligned.