BG Group will host a visit for analysts to Egypt on 27 and 28 September 2004. This event will be hosted by Ashley Almanza, Chief Financial Officer and Stuart Fysh, Executive Vice President and Managing Director, Mediterranean Basin and Africa.
A webcast of the presentation can be accessed live at 8.00am (UK time) on Monday, 27 September on this website (use the link on the right to pre-register), after which a recording of the webcast and a copy of the presentation will be available at this site.
The presentation will include the following new information:
Acceleration of the schedule for first gas from Phase 2 of the Rosetta development.
Acceleration of the schedule to drill two additional production wells in the Simian field in the BG Group-operated West Delta Deep Marine (WDDM) Concession offshore the Nile Delta.
BG Group anticipates drilling approximately 25 wells (including the additional production wells in the Simian field) in Egypt during the remainder of 2004 and 2005.
Additional 5 per cent capacity expected at Egyptian LNG due to operational debottlenecking.
Egypt’s upstream unit operating costs will be, on average, less than $1.00 per boe.
Details of two new proposed exploration concessions in the Nile Delta.
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