BG Group (30%) and
partners Petrobras (45%, operator) and Repsol (25%) today announced another new discovery in
the Santos Basin pre-salt BM-S-9 concession area, offshore Brazil.
The well, 4-SPS-66C (4-BRSA-732C) known as Abare West, proved the presence of an accumulation of
oil and natural gas in a separate structure within the 1-SPS-50
evaluation plan area on BM-S-9. The evaluation plan area also encompasses
the separate Igua�u (4-BRSA-709 (4-SPS-60), announced April 2009) and
Carioca discoveries (1-BRSA-491-SPS (1-SPS-50), announced September
2007). Abare West is approximately 30 kilometres
from the Igua�u discovery and 40 km from the Carioca discovery and 50 km to the west of
the Guara discovery (1-BRSA-494-SPS), also in
the BM-S-9 concession, announced June 2008.
Abare West is in 2163 metres of
water, approximately 290
km off the coast of Sao Paulo State and
encountered a hydrocarbon column containing oil, gas and carbon dioxide
in pre-salt reservoir sections. The well will be fully analysed and the
forward plan for this discovery will be incorporated into the evaluation
plan for this accumulation approved by ANP.
BG Group Chief
Executive Frank Chapman said: "Abare West
further extends an outstanding sequence for BG Group and partners
operating in the Santos Basin, with eight discoveries in three
years."
-ends-
BG Group has
interests in five concessions in the deep water Santos Basin: BM-S-9, 10,
11 and 50, which are operated by Petrobras; and
BM-S-52, which is operated by BG Group.
BG Group also holds
operated interests in the BM-S-47 and BM-S-13 concessions in the shallow
water Santos Basin and holds one onshore concession (BT-SF-2) in the Sao
Francisco Basin in Minas Gerais State.
BG Group has a
controlling stake (60.1 per cent) in Brazil's largest gas distribution
company, Comgas.
BG Group plc (LSE:
BG.L) is a world leader in natural gas, with a strategy focused on
connecting competitively-priced resources to specific, high-value
markets. Active in 27 countries on five continents, BG Group has a broad
portfolio of exploration and production, Liquefied Natural Gas (LNG),
transmission and distribution and power generation business interests. It
combines a deep understanding of gas markets with a proven track record
in finding and commercialising reserves. For further
information visit www.bg-group.com
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Contact
Edel McCaffrey: +44 (0) 118 929 3508
Jo Thethi: +44 (0) 118 929 3110
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There are matters
discussed in this media information that are forward looking statements. Such
statements are only predictions and actual events or results may differ
materially. For a discussion of important factors which could cause actual
results to differ from the forward looking statements, refer to BG
Group's annual report and accounts for the year ended 31 December 2008. BG
Group does not undertake any obligation to update publicly, or revise,
forward looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
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