Discoveries and exploration acreage (in alphabetical order)

• BG Group has a 36.75% interest in, and is operator of, the Hassi Ba Hamou (HBH) permit which includes two appraised discoveries awaiting commercialisation and development.
• The Group has a 49% interest in, and is operator of, the Guern el Guessa (GEG) permit.

2010 key events

• Completion of second two-year exploration phase on HBH with the drilling of two exploration wells.
• BG Group negotiated a two-year extension to the HBH permit until September 2012.
• Completed acquisition of 2D and 3D seismic data on the GEG permit acreage in fulfilment of the phase 1 seismic work obligation.

Outlook

• Working towards sanction of HBH and RM-1 discoveries, with proposed gas evacuation through Sonatrach’s proposed GR 5 pipeline.
• Agreement with Sonatrach to realign equity participation in HBH following withdrawal of Gulf Keystone Petroleum Ltd.
• Exploration drilling on GEG expected in 2011.

Further information:
	Algeria operations

• BG Group is operator of three blocks in the Qiongdongnan basin, offshore China.
• BG Group has a 100% interest in all three blocks. In the event of a commercial discovery, the China National Offshore Oil Company has the right to take up to a 51% interest in the discovery.

2010 key events

• Commenced two-well exploration drilling programme.
• The first well drilled in China by BG Group announced as a discovery after encountering gas-bearing sands.

Outlook

• Planning to acquire 1 500 square kilometres (sq kms) of 3D seismic data over block 63/16 later in 2011.

Further information:
	China operations

• BG Group has interests in three offshore blocks, two as operator, one as technical partner.

2010 key events

• Prospectivity evaluation across all blocks, seismic data analysis and contract awarded for processing 1 112 sq kms of 3D seismic data (OPL 286-DO).

Outlook

• Seismic acquisition (OPL 284-DO), processing (OPL 286 –DO) and prospect re-evaluation (OPL 284-DO, OPL 286-DO).

Further information:
	Nigeria operations

• BG Group has 17 licences, 11 as operator.

2010 key events

• The Norwegian government approved the Gaupe project – previously known as Pi – a two-well, sub-sea tie-back to the BG Group operated Armada field in the UK.
• In January 2011, submitted the plan for development and operation for the Jordbær field to the Norwegian Ministry of Petroleum and Energy for approval.
• Blåbær and Mandarin exploration wells completed. Mandarin was dry. Blåbær was a discovery.

Outlook

• Gullris exploration well expected to be drilled in 2011.
• Jordbær West exploration well expected to be drilled in 2011.
• Oil and gas production expected from Gaupe by 2012.
• First production from Jordbær expected in 2013

Further information:
	Norway operations

• BG Group entered Tanzania in 2010, acquiring interests in three blocks, offshore southern Tanzania. The three blocks cover more than 28 000 square kilometres.
• BG Group plans to assume operatorship of all three blocks upon completion of initial work programme.

2010 key events

• Country entry through farm-in agreements, acquiring 60% of Ophir Energy plc’s interests in three blocks.
• Exploration wells Pweza-1 and Chewa-1 demonstrated presence of significant quantities of natural gas.

Outlook

• Completion of third exploration well and analysis of results expected in 2011.
• Acquisition and analysis of 4 000 sq kms of 3D seismic data, planned to be completed in 2011.

Further information:
	Tanzania operations