BG Group welcomes today's announcement that
it has been awarded eight new licences in the Norwegian 19th
Licensing Round. BG Group will be operator in five of these
licences and is the most successful company of all the applicants
in this round.
The awards cover five licences in the Norwegian
Sea and three licences in the Barents Sea.
Today's announcement
maintains BG's record of being awarded acreage with every application
it has made in licensing rounds since its entry into the Norwegian
Continental Shelf in 2003.
Mark Carne, BG Group Executive Vice
President and Managing Director Europe and Central Asia said:
"We are delighted by today's awards that allow us to
continue our investment and expansion within the Norwegian
Continental Shelf.
"Since our entry into Norway we have been awarded or
acquired interests in 23 licences, and in 13 of these we are
now the operator. This is a remarkable achievement in such
a short space of time.
"Today's awards mark a 100 per
cent success rate for our applications in the 19th round. This
is clear reward for our exploration led growth strategy in
the region to deliver exciting new opportunities.
"In this round we have been awarded operatorship in deep-water
areas in the Norwegian Sea, and we are expanding, also as operator,
into the Barents Sea, which is a new and challenging area for
us."
The licence awards are as follows:
Barents Sea
PL 396 (BG
70% (op))
PL 395 (BG 30%)
PL 393 (BG 20%)
Norwegian Sea
PL392
(BG 20%)
PL 391 (BG 40% (op))
PL 390 (BG 70% (op))
PL 388 (BG100%(op))
PL 372 BS (BG70% (op))
Notes to editors:
BG Group plc is a global natural gas business. Active on five
continents in over 20 countries, it operates four business
segments - Exploration and Production, LNG, Transmission and
Distribution and Power.
In December 2003, BG was selected for
the operatorship - and 100 per cent ownership - in PL 297 in
Norway's first Awards in Predefined Areas (APA) licensing round.
Seismic was acquired over the blocks in 2004-05.
Since then the BG portfolio in Norway has grown as follows:
June 2004 - 18th Licensing Round, Norwegian Sea:
PL 324 (BG 30%, ENI (op), Chevron)
PL 325 (BG 30%, Chevron (op), ENI)
August 2004 - Transaction with Lundin, North Sea Play Extension:
PL 292 (BG 60% (op), Lundin)
November 2004 - Transaction with Paladin, North Sea Play Extension:
PL 143 (BG 30%, ConocoPhillips (op), Talisman)
PL 143 CS (BG 20%, Talisman (op), DNO)
PL 298 (BG 20%, Talisman (op))
December 2004 - Two awards in APA (Awards in Predefined Areas)
Licensing Round:
PL 335 (BG 52% (op), Lundin, Paladin, RWE)
PL 337 (BG 25%, Pertra (op))
July 2005 - Transaction with Statoil, Norwegian Sea:
PL 251 (BG 20%, Statoil (op), Shell)
November 2005 - Transaction with DONG, North Sea:
PL 274 BS (BG 80% (op), DONG 20%)
December 2005 - Four awards in APA (Awards in Predefined Areas)
Licensing Round:
PL373S (BG 45% (op), Revus, RWE, Idemitsu)
PL 372S (BG 70% (op), Revus)
PL374S (BG 45% (op), Revus, Petoro, Premier)
PL382 (BG 80% (op), Noreco)
Enquiries:
Communications:
+ 44 (0) 118 929 2462
Out of hours media assistance:
+ 44 (0)7917 185 707
Investor Relations
Chris Lloyd/Helen Parris/Kate Bingham + 44 (0) 118 929 3025
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